Profitability Pressures: Lower F&B Margins Emphasize the Need for Creativity
Year to date, U.S. hotel performance has come in a bit weaker than projected with demand almost flat (+.1 percent) and RevPAR growth at +1.1 percent. With modest supply growth pushing occupancy comparisons to negative territory (–.5 percent), there has been less opportunity to drive total revenues as total revenue per available room (TRevPAR) is down .3 percent. After three consecutive months of slower labor growth, labor costs are back on the rise with a […]
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