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PKF-HR Forecasts Broad-Based RevPAR Growth

PKF-HR Forecasts Broad-Based RevPAR Growth

ATLANTA, Ga.—All segments of the U.S. lodging industry will enjoy strong performance for the foreseeable future according to the recently released December 2014 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons. Rising levels of employment, combined with increased geographic expansion ...

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Group Reservation Pace Helps Bolster 2014 Hotel Performance

Group Reservation Pace Helps Bolster 2014 Hotel Performance

NEW YORK—Hotels in major North American markets showcased their resiliency as they experienced positive growth in both rate and occupancy across most travel segments despite the global Ebola health risk, according to data from the November 2014 TravelClick North American ...

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Jones Lang LaSalle: New York Hotel Market Overview

Jones Lang LaSalle: New York Hotel Market Overview

The New York lodging sector is among the highest performing markets in the world. Hotel occupancy among upper-tier hotels went nearly uninterrupted during the economic downturn, and, as a result, RevPAR increases have been driven mostly by rate growth, says ...

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Examining Hotel Labor Costs

Examining Hotel Labor Costs

As revenues continue to grow for most U.S. hotels, the combined cost of salaries, wages, bonuses, and payroll-related expenditures has declined as a percent of total hotel revenue. In 2013, labor costs represented 32.3 percent of total revenue, down from ...

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