U.S. Hotel Revenue Reaches 50% of 2019 Level

Total revenue for U.S. hotels reached 50% of the comparable pre-pandemic level, according to STR‘s March 2021 monthly P&L data release. Amid hiring difficulties, total labor costs were just 60% of the figure reported for March 2019. “Fortunately, not all hotels are struggling. Hotels with enough demand to achieve occupancy levels above 50% have been able to turn a profit. This is especially true for the limited-service segment, where 68% of hotels have remained profitable,” said STR’s assistant director of financial performance. STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors.

You will be redirected in 2 seconds.

CLICK HERE FOR FULL STORY
You may also like
pilots stand in solidarity at person airport
Ratcheting Up: Hundreds of Air Canada Pilots Picket
Air Canada pilots took part in major picketing action across the country on 27AUG as they attempt to pressure the airline ...
Globus Family of Brands Expands Canadian Sales Team
The Globus family of brands is strengthening its Canadian sales team by appointing BDMs Gina Goranson in the west and Elaine ...
Direct Travel Advisor Sue Pechtel Celebrates 50 Years in Travel
Last week in Edmonton, Direct Travel advisor Sue Pechtel celebrated her 50th anniversary in the travel industry with around 90 friends, ...
Industry Partners Support ACTA Summit with Prizing and Sponsorships
ACTA has announced the grand prizes for the 2024 ACTA Summits, which include Air Canada, Riverside Luxury Cruises, CroisiEurope Cruises, and ...
Cruise Boom Driven by Need for Ease, Despite the Price
While segments of the travel industry are talking about a slowdown, cruise lines have increased prices and still see record numbers, ...

Talk Back! Post a comment: