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.
The profitability of hotels in the U.S. increased in 2017 in line with the growth of the economy under President Trump, according to the latest findings from a brand-new publication called 'Profit Matters: U.S. Annual Hotel Performance Tracker 2018', which has today been released by the hotel benchmark service, HotStats.
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.
As tourists return once more to soak up the sights and tastes of France, its hotel sector is rebounding rapidly from its 2016 low point.