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How Profitable Will RevPAR Growth Be in 2015?

Like other industries, profits in the hotel business are achieved when revenues exceed the cost of operations. In 2015, there are several factors that will enhance the ability of hotel managers to control their operating expenses:

Dual-Branded Hotels: Do Operating Efficiencies Exist?

The pace of new hotel construction is picking up. According to STR, Inc. there were 1,003 hotels under construction in the United States as of January 2015. This is up 31.8 percent from January 2014.

Hotel Owners See Longest Streak of Profits on Record

PKF Hospitality Research's Robert Mandelbaum, director of research information services, discusses average hotel property earnings and expenses.

Budgeting Is Getting Easy

Historical budget accuracy for U.S. hotelsThrow away the Ouija and dart boards. Apparently predicting the performance of U.S. hotels has become very easy for U.S. hotel managers. For the third consecutive year, management's projections of revenues, expenses and profits contained in their budgets have been extremely accurate.

Hotels in Profitable Part of Business Cycle

Despite the slowdown in the pace of rooms revenue (RevPAR) growth in 2013, U.S. hotels were able to sustain strong gains in net operating income (NOI) during the year.

Hotel Marketing: Investing In People And Technology

The introduction of technology has influenced the duties of on-site hotel sales personnel over the years. The reach of the internet, social media, and sophisticated revenue management programs have provided marketing professionals with an array of new tools.

Shift in Hotel Retail Impacts Revenues and Profits

Hotels provide retail operations primarily for guest convenience and satisfaction, and are, in general, only a small part of total hotel revenue.

Hotels Pay Their Debt

Annual Change in Interest PaymentIn 2009 the average hotel participating in PKF Hospitality Research's (PKF-HR) Trends in the Hotel Industry survey suffered a staggering 35.4 percent decline in net operating income (NOI).

Conference Centers: The Recovery Gathers Speed

The U.S. lodging industry is well into its fourth year of recovery from the great recession of 2009. One of the pleasant surprises of the current recovery has been the very strong return of lodging demand.