U.S. hotel profits grew in 2024 but were limited by inflation and labor costs
U.S. hotel profits grew in 2024 but were limited by inflation and labor costsARLINGTON, Va. – 14 February 2025 – U.S. hotel industry profits grew in 2024, but increased labor costs and inflation limited growth, according to P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel profitability gains led by full-service chains, major markets
U.S. hotel profitability gains led by full-service chains, major marketsWASHINGTON – 2 February 2024 – Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023 P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Key Middle East markets show mixed profitability in May
Key Middle East markets show mixed profitability in MayLONDON— Among key hotel markets in Middle East & Africa, Jordan and Qatar realized the only month-over-month gross operating profit per available room (GOPPAR) improvements, according to STR’s May 2023
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