U.S. Hotel Profits Hit Record High in 2018, Even as Labor Costs Rose
While expenses for hotel businesses continue to rise, 2018 turned in stronger profits than expected. That bodes well for the future of hotel owners and investors. Uptrend Profit Growth Maintaining profitability will prove to be a challenge for hotels as flattening occupancy levels and low unemployment will likely get in the way of achieving gains. […]
Online Ratings and Hotel Investments
Star ratings matter. In an age where consumers check reviews and feedback online before they buy a product or try out a service, ensuring that your property consistently has high ratings can draw a lot of customers to your doors. With plenty of review sites such as Bookings.com, Hotels.com, Expedia, and more, people have a […]
New Hotel Supply and Strong Economy Influence Hotel Forecast
Experts in the hospitality industry foresee a strong performance for U.S. hotels in 2019. Property owners and those looking to invest will not need to worry about new rooms added to the market because demand will continue to overtake supply. Hotel Occupancy Increase Hotel occupancy levels in the U.S. are expected to rise to about […]
Hotel Finance: Attrition and Cancellation Fee Revenue
Rising costs mean that a lot of hotel property owners are finding ways to better manage their finances-such as imposing attrition and cancellation fees. Why it’s Happening A lot of the available online booking programs make it easy for consumers to book multiple lodgings and then cancel before the period where cancelation fees apply. This […]
Guest Ratings Hold More Weight Than Brand Value
Buying a hotel can be a brilliant investment move. However, finding the right hotels for sale can present quite a challenge. One of the many factors you’ll need to take note of are the guest ratings of the property. Guest Ratings Over Brand Studies show that consumers are putting more weight in guest ratings and […]