U.S. hotel profitability picks up further in June, full-service properties break even at 50% occupancy - Lebanon news - أخبار لبنان
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U.S. hotel profitability picks up further in June, full-service properties break even at 50% occupancy

BROOMFIELD, COLORADO – STR‘s latest monthly P&L data release shows U.S. hotel gross operating profit per available room down 105.4% in June. That year-over-year percentage change showed continued improvement from April (-116.9%) and May (-110.1%). Additionally, some full-service properties broke even with occupancy at 50%, one month after limited-service properties showed positive profitability on average…

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U.S. hotel profitability picks up further in June, full-service properties break even at 50% occupancy

BROOMFIELD, COLORADO – STR‘s latest monthly P&L data release shows U.S. hotel gross operating profit per available room down 105.4% in June. That year-over-year percentage change showed continued improvement from April (-116.9%) and May (-110.1%). Additionally, some full-service properties broke even with occupancy at 50%, one month after limited-service properties showed positive profitability on average when surpassing 45% occupancy. In a year-over-year comparison with June 2019, the industry reported the following:GOPPAR: -105.4% to US$-5.89TRevPAR: -81.3% to US$46.95EBITDA PAR: -124.6% to US$-20.85LPAR (Labor Costs): -59.6% to US$31.21“Aligned with the rise we’ve reported in demand and occupancy, the profitability metrics picked up further with improvements across all revenue departments except F&B,” said Raquel Ortiz, STR’s assistant director of financial performance. “On a per-available- room basis, revenue for full-service properties almost matched the level of limited-service. Overall, full-service GOPPAR was still negative although we did see some properties in that segment break even at 50% occupancy.”Among top markets, the highest TrevPAR and GOPPAR levels were recorded in Tampa/St. Petersburg, Florida (TrevPAR: US$116, GOPPAR: US$35) and Anaheim/Santa Ana, California (TrevPAR: US$110, GOPPAR: US$28).“Given the trends we’ve seen in occupancy data, it is no surprise that two beach-access markets would lead in overall profitability for the month,” Ortiz said. “Fortunately, all the top markets showed improved revenues in June, but Tampa and Anaheim were the only ones with positive EBITDA margins.”

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SWISS Airlines adds frequencies from Domodedovo Airport to Zurich

Starting from November 23, SWISS Airlines has launched a third weekly flight on the route Zurich-Moscow (Domodedovo). SWISS Airlines performs the flight on Mondays, landing at 17:45 and departing at 18:35*.Passengers can also opt for the following flights:On Saturdays. It will land at Domodedovo at 17:45, departing to Zurich at 18:35*.On Fridays. It will land…

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SWISS Airlines adds frequencies from Domodedovo Airport to Zurich

Starting from November 23, SWISS Airlines has launched a third weekly flight on the route Zurich-Moscow (Domodedovo). SWISS Airlines performs the flight on Mondays, landing at 17:45 and departing at 18:35*.Passengers can also opt for the following flights:On Saturdays. It will land at Domodedovo at 17:45, departing to Zurich at 18:35*.On Fridays. It will land at Domodedovo at 12:15, departing to Zurich at 13:45*.Russia and Switzerland resumed flights on August 15.*All times are local (Moscow Time – UTC+04)

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For its fourth edition FITUR Festivals & Events expands to all type of cultural and sports events

One of the new features of the upcoming edition of FITUR 2021 International Tourism Fair that will focus on the recovery of the tourism industry, is the expansion of the FITUR Festivals section, which now and under the new name FITUR Festivals & Events will strengthen its content and professional appeal, by adding relevant sements that have an…

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For its fourth edition FITUR Festivals & Events expands to all type of cultural and sports events

One of the new features of the upcoming edition of FITUR 2021 International Tourism Fair that will focus on the recovery of the tourism industry, is the expansion of the FITUR Festivals section, which now and under the new name FITUR Festivals & Events will strengthen its content and professional appeal, by adding relevant sements that have an increasingly higher business potential. Thus, in addition to the live music festivals, FITUR Festivals & Events expands to host a wider range of proposals, such as cultural festivals -dance, theatre, opera, exhibitions, museums, etc.- as well as sports events and competitions, such as Formula 1, golf, regattas, soccer, Olympics, etc.The purpose of FITUR Festivals & Events is to provide a platform where all of the agents of this type of tourism can connect: destinations, transportation, hospitality and accommodation, tour operators and wholesalers, show and event organisers, ticketing companies, etc., within the framework of FITUR, the major international tourism industry fair organised by IFEMA that will be held, exceptionally in 2021, from the 19 to 23 May. FITUR Festivals & Events, with the collaboration of Asociacion de Promotores Musicales (APM) and Squarefer, will have an exhibition area, a B2B program with international and national purchasers, a setting for round tables and presentations of sector reports by exhibitors.

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77% of UK residents said they’re willing to consider the environment in their future holiday plans

Nearly half (49%) of UK residents said that the impact of COVID-19 has raised awareness about the impact holidays and travel have on the environment, recent research by iCarhireinsurance.com has revealed.  With dolphins returning to waterways of Venice and cities seeing pollution-free skies, 77% of Brits look to consider the environment in their future holiday plans.The…

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77% of UK residents said they’re willing to consider the environment in their future holiday plans

Nearly half (49%) of UK residents said that the impact of COVID-19 has raised awareness about the impact holidays and travel have on the environment, recent research by iCarhireinsurance.com has revealed.  With dolphins returning to waterways of Venice and cities seeing pollution-free skies, 77% of Brits look to consider the environment in their future holiday plans.The survey questioned 2,000 UK residents on their holiday habits and opinions about conscientious travel. It revealed that COVID and the impact of nationwide lockdowns has had a big influence on people’s attitudes towards the environment, and the effect the tourism industry has on it.  When questioned what has inspired them to consider the environment more when travelling for a holiday, the most common responses were COVID-related. 18% said they plan to be more eco-friendly after seeing wildlife recover in popular tourist destinations during lockdown, and 15% say the reduction in travel pollution during COVID has inspired them to be more environmentally friendly. A further 14% said that COVID has made them more appreciative of the environment.  Other influences, such as influential figures (9%), the media (8%), charities (7%), environmental protests (7%), social media (4%) and politicians (2%), were much less common. This new outlook brought about by COVID has led to many people in the UK saying they will be more eco-friendly when travelling in the future. One-quarter (25%) said they’re willing to holiday domestically, and a further 25% say they’ll even go on holiday less to reduce their environmental impact. A full breakdown is included below: (% who said they would be willing to do the following to lessen the environmental impact of their holiday) Be mindful of their energy use – 26% Holiday domestically – 25% Holiday less frequently – 25% Travel by public transport – 21% Use alternative transport to flying – 21% Not travel to destinations as far – 20% Pack lighter to reduce fuel usage – 19% Book eco-friendly accommodation – 17% Based on the responses, the UK as a collective would be willing to pay £3.36 billion to offset the carbon emissions of their holidays.While raising awareness of environmental issues is a positive to be taken from the pandemic, it’s also brought a number of challenges with it. 36% said COVID has made being environmentally friendly less of a priority to them and 15% said limited destinations have made it more difficult to be environmentally conscious when booking a holiday. With travel restrictions in place since March, 17% said their need for a holiday is simply more important to them than being environmentally friendly.  Ben Lynam, Head of Communications at theTravelFoundation commented on the research: “We are seeing a significant shift towards environmental consciousness as the pandemic accelerates a trend that was already gathering pace. Concern about the future, a slowing of pace and the need to find less crowded places have translated into demand for outdoor experiences and trips that have low impact, or ideally a positive impact on the environment. Smart businesses and destinations that intentionally respond to this shift will recover quicker and stronger.” 

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