By Hotel Business
November 28, 2018
Profit per room at hotels in the U.S. recorded its highest level of the year in October, as revenue increases were attained across all departments, even in the face of mounting costs, according to the latest data tracking full-service hotels from HotStats.
The 3.6% year-on-year increase in October enabled hotels to push profit levels to a high of $126.34 per available room, which was well above the previous high of $120.54 recorded in April 2018. Furthermore, it was approximately $25 above the year-to-date figure, at $101.36, illustrating the strength of bottom-line performance this month.
