The role of total revenue management in a hotel profitability strategy

28 August 2024
The global hotel industry is firmly positioned in an era of normalized growth levels. That means to achieve greater profits, hotel owners and operators need to explore every possible revenue stream while also working to manage expenses.
Tags
Global
Hotels
Educational
Industry Basics
Profit and Loss

What is GOPPAR? How can it benefit your hotels?

25 June 2024
Learn how measuring GOPPAR can provide a better picture of your hotel’s financial health, how to calculate it and more here.
Tags
Global
Educational
Hotels
Profit and Loss
Industry Basics

U.S. hotel commentary - October 2023

5 December 2023
Group demand in Luxury and Upper Upscale class hotels was the highest for any single month since October 2018.
Tags
North America
Recovery
Industry Updates
Profit and Loss

Hotel P&L Example

13 November 2023
Learn how P&L statements can help you understand your hotel profitability through our hotel P&L examples.
Tags
Profit and Loss
Hotels
Educational
Global

U.S. hotel commentary - May 2023

3 July 2023
Weekends were the culprit behind May’s lower demand growth, as weekend levels declined year over year for the second month in a row.
Tags
North America
Industry Updates
Profit and Loss
Recovery

U.S. hotel commentary - March 2023

2 May 2023
U.S. hotel rate growth continues to drive RevPAR growth, and while ADR is still posting very strong YoY growth rates, moderating inflation and normalized demand growth are leading to deceleration in the growth rate.
Tags
North America
Industry Updates
Profit and Loss
Recovery

U.S. Hotels - 2022 Commentary

3 February 2023
After consistent month-to-month improvement through April, the occupancy recovery index to 2019 showed more fluctuation.
Tags
North America
Industry Updates
Profit and Loss
Historical Data

U.S. Hotels - October 2022 Commentary

5 December 2022
In October, the demand index declined month over month, with contribution from most days of the week.
Tags
North America
Industry Updates
Historical Data
Profit and Loss

U.S. Hotels - September 2022 Commentary

4 November 2022
In September, U.S. monthly demand exceeded the pre-pandemic comparable for the second time in the pandemic-era but first time this year.
Tags
North America
Industry Updates
Historical Data
Profit and Loss

U.S. Hotels - August 2022 Commentary

6 October 2022
August marked the second consecutive month-over-month occupancy decline. ADR declined MoM to $151.49 but was still 14% higher than August 2019 in nominal terms. Real ADR was about 1% below the pre-pandemic comparable.
Tags
North America
Industry Updates
Historical Data
Profit and Loss

Understanding your STR reports: Profit & Loss (P&L)

28 September 2022
Regardless of how the hotel industry benchmarks performance, the end goal is always maximum profitability. Like all other elements of industry benchmarking, there are data sets and reports designed specifically to measure the success of that goal.
Tags
Global
Hotels
Educational
Profit and Loss

Hotel profitability global update: Continued improvement for most of the world in October

15 December 2021
In this latest update with October data, we saw similar trends in P&L data as we did in September, although there were notable outliers in each world region.
Tags
Global
Hotels
Industry Updates
Profit and Loss

Hotel profitability global update: Improvement for most of the world in September

10 November 2021
Hotel profitability improved at low levels for most of the world in September. Find out more in this global P&L update.
Tags
Global
Hotels
Industry Updates
Profit and Loss

How did crises of the last two decades impact APAC hotel profitability?

7 December 2020
While COVID-19 has presented unprecedented challenges for the global hotel industry, looking back at past situations shows the industry’s ability to recover. STR’s research revolved around seven major countries in the region: Australia, China, Indonesia, Japan, Malaysia, Singapore and Thailand.
Tags
Asia Pacific
Profit and Loss
Hotels
Educational

Managing admin & general expenses to mitigate revenue losses

14 October 2020
Admin & general expenses are just one area hoteliers can manage to mitigate profit losses in the current operating environment.
Tags
Global
Educational
Hotels
Profit and Loss

How to analyze your P&L statement

26 May 2020
How can you analyze your P&L statement to better understand your profitability data? We discuss the components of a P&L statement, plus some tips and pitfalls you might experience along the way.
Tags
Global
Educational
Hotels
Profit and Loss

What is LPAR?

22 May 2020
LPAR, or Labor per Available Room, is a helpful benchmarking metric for striking the right balance between profitability and workforce needs.
Tags
Global
Educational
Hotels
Profit and Loss

Your guide to Profit and Loss (P&L) Terminology

18 May 2020
Understanding profit and loss terminology is key to successfully analyzing your P&L statements and getting a handle on your property’s performance. Equally important is the use of standardized terminology.
Tags
Global
Educational
Hotels
Profit and Loss

COVID-19 Webinar Summary: Five key points on Monthly P&L

8 May 2020
We recently launched Monthly P&L reporting, providing hotel operators an in-depth and timely look at profitability, which is especially valuable during the COVID-19 crisis. Read our summary of key points from the program's introductory webinar.
Tags
Global
Industry Updates
Webinar
Profit and Loss
Hotels

The role of profitability data in a comprehensive hotel benchmarking experience

18 March 2020
Access superior hotel benchmarking with our detailed guide to hotel profitability. Discover how consistent financial information can drive smarter decisions, improve revenue, and drive operational efficiencies.
Tags
Profit and Loss
Hotels
Educational
Global
Industry Basics

Hotel Operating Expenses Checklist

6 February 2020
Download STR's Hotel Operating Expenses Checklist here and learn about the importance of completing this in your P&L data submission.
Tags
Profit and Loss
Hotels
Educational
Global

What is TRevPAR and why is it important?

7 January 2020
Learn how benchmarking TRevPAR can benefit your business.
Tags
Profit and Loss
Hotels
Educational
Global
Industry Basics

France hotel profitability in context: comparing performance against other key markets

19 December 2019
How does profitability for hotels in France compare to other key European markets? This article discusses several key metrics.
Tags
Europe
Profit and Loss
Hotels
Industry Updates

How revenue managers should spend their time with STR data

20 November 2019
Learn how to allocate your time during different stages of the revenue management lifecycle and understand how to effectively spend your time with STR data.
Tags
Profit and Loss
Hotels
Educational
Global

Occupancy and ADR: Which is the biggest influence on a hotel’s bottom line?

13 November 2019
Whether occupancy or average daily rate has a greater influence on hotel profitability is an age-old hospitality question, we've taken a look at possible answers here.
Tags
Profit and Loss
Hotels
Industry Updates

F&B Case Study: Middle East/Africa

11 November 2019
This case study on 2018 profitability data focuses on the food and beverage trends of the Middle East/Africa region.
Tags
Middle East and Africa
Profit and Loss
Hotels
Industry Updates

Mixed profitability picture for U.K. hotels

7 August 2019
With the first article in our series indicating that Brexit had little impact on U.K. hotel performance, we decided to dig deeper into the story to analyse whether profitability has been affected.
Tags
Europe
Profit and Loss
Hotels
Industry Updates