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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Archive
Tag: Labor Cost

4Q24 Hospitality Dashboard

Our hotelAVE Hospitality Dashboard 4Q24 is now available! 4Q24 Total RevPAR finished up 3% versus 4Q23, however GOP margins were down 2% or 200 bps. The major forecasters are aligned on 2025 RevPAR growth, but the industry could outperform with strong group booking pace and growing inbound international travel. Lending terms have improved as more..
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2Q24 Hospitality Dashboard

Our hotelAVE Hospitality Dashboard 2Q24 is now available! Forecasters revised their 2024 full year RevPAR projections down last quarter – all converging around 2.0%. Because the deceleration is ADR related, GOP margin pressures will continue through year end. 2Q24 RevPAR flow to GOP was only 23% in the Top 25 markets; GOP margin decreased 100..
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3Q23 Hospitality Earnings Summary

Our 3Q23 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry’s recovery. A glimpse: Q3 2023 showcases impressive mid-teens RevPAR growth, driven by surging occupancy rates and increased ADR. While leisure demand sees a gradual uptick, business demand has rebounded to 84-90% of pre-pandemic levels, with expectations of..
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The changes experts think hoteliers should make in 2020

Article originally published in Hotel News Now The hotel industry upcycle has ended, and hoteliers share what changes need to be made in 2020 to adapt. REPORT FROM THE U.S.—As the hotel industry enters 2020 and leaves a record-setting upcycle behind, hoteliers recognize there is a need for making changes. The days of 6% revenue-per-available-room..
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Managers Get Creative to Cope with Labor Shortages

Managers Get Creative to Cope with Labor Shortages It’s hard to find workers willing to scrub bathrooms and wash pots and pans. With the U.S. national unemployment rate at a 50-year low and properties opening every month, hotel operators are scrambling to recruit workers and keep them engaged. Shortages for housekeepers and kitchen staff are..
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NYU 2019 Hospitality Conference Key Takeaways

Did you miss the NYU Hospitality Conference?  Don’t worry, just read hotelAVE’s Key Conference Takeaways! NYU Conference Key Takeaway #1: Overall Conference Sentiment. We are nearing the end of the cycle. Every prognosticator decreased their 2019 RevPAR growth forecast (most now at 2.0%) and they are leaving themselves room to take it down further as..
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