Hotel Profitability Improves, Labor Costs Rise

U.S. hotel gross operating profit per available room improved in September and now exceeds the pre-pandemic comparable, said STR, Hendersonville, Tenn.

Hotel Cap Rates Increase

U.S. Realty Consultants LLC, Columbus, Ohio, reported hotel capitalization rates generally increased compared to six months ago.

CBRE Raises Hotel Sector Outlook

CBRE, Dallas, raised its forecast for hotel performance based on second-quarter gains and its expectation for slightly positive GDP growth next year.

Hotel Profitability Drops

U.S. hotel gross operating profit per available room fell in May. But GOPPAR surpassed its pre-pandemic comparable for a third consecutive month, reported STR, Hendersonville, Tenn.

Analysts Upgrade Hotel Forecast

STR and Tourism Economics upgraded their recovery timeline for U.S. hotel revenue per available room.