Your Labor Costs Just Ate Your RevPAR Gains. Do the Math.
The industry is celebrating 4.9% RevPAR growth while labor costs per occupied room jumped 12.8%. If you're not running those two numbers side by side, you're celebrating a loss.
The industry is celebrating 4.9% RevPAR growth while labor costs per occupied room jumped 12.8%. If you're not running those two numbers side by side, you're celebrating a loss.
The headline says U.S. hotel demand is on a five-week winning streak. The data says one trade show in Vegas and a narrow slice of luxury group business are doing most of the heavy lifting.