Tag: cost control
Keeping Costs Down While Chasing the Latest Design Trends
In an industry where what’s popular is constantly changing, hotels can easily go overboard when it comes to design trends. However, for a hotelier...
Cost Controls Drove Hotels’ Profit Growth in 2016
U.S. hoteliers enjoyed a seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth. According to the...
The Economics of Off-Premise Laundry
One factor that hotel operators may be considering as they manage expenses is whether to operate on-premise laundry facilities or to outsource laundry through...
The High Cost of Raising Room Rates
The highlight of the recovery from the recent recession has been the strong rebound in lodging demand. According to Smith Travel Research (STR), occupancy...