Since 2014, U.S. lodging industry owners and operators have seen a steady decline in the pace of revenue growth. In 2014, rooms revenue per available room (RevPAR) increased by a healthy 8.2 percent according to STR. Per the December 2017 edition of CBREs Hotel Horizons®, RevPAR is forecast to increase by just 2.5 percent in 2018. Facing lackluster revenue growth, hoteliers sights are now focused further on down the operating statement to determine what the impact of slow top-line gains will be on bottom-line profits.
In the first quarter of 2018, the U.S. hotel industry saw occupancy increase 0.9% year over year to 61.6%, while ADR rose 2.5% to $127.37 and RevPAR increased 3.5% to $78.46.
Hotel room rates in the top-25 most popular U.S. destinations average $246.5 this April, down from $247.08 in March, according to hotel online room rates derived from real time global multi-provider database of reservations maintained by e−forecasting.com.
2 in 5 workers don't think they'll retire until 70 or older - A quarter of workers do not know how much they will need to save for retirement - 26 percent of workers think they need more than $1 million to retire