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CoStar: Labor Costs and Inflation Impact U.S. Hotel Industry
ARLINGTON, Virginia—U.S. hotel industry profits grew in 2024, but increased labor costs and inflation limited growth, according to P&L data from CoStar. U.S. Hotel Industry 2024 Per-Available Room Metrics Percentage change from 2023 GOPPAR: $73.60 (up 3.2 percent) TRevPAR: $209.67 (up 7.2 percent) EBITDA PAR: $51.88 (up 2.5 percent) LPAR (Labor Costs): $72.44 (up 11.2 percent) “Growth in total operating expenses, especially labor, has had the biggest impact on profits,” said Raquel Ortiz, senior manager […] The post CoStar: Labor Costs and Inflation Impact U.S. Hotel Industry appeared first on LODGING Magazine.
ARLINGTON, Virginia—U.S. hotel industry profits grew in 2024, but increased labor costs and inflation limited growth, according to P&L data from CoStar. U.S. Hotel Industry 2024 Per-Available Room Metrics Percentage change from 2023 GOPPAR: $73.60 (up 3.2 percent) TRevPAR: $209.67 (up 7.2 percent) EBITDA PAR: $51.88 (up 2.5 percent) LPAR (Labor Costs): $72.44 (up 11.2 percent) “Growth in total operating expenses, especially labor, has had the biggest impact on profits,” said Raquel Ortiz, senior manager […]
The post CoStar: Labor Costs and Inflation Impact U.S. Hotel Industry appeared first on LODGING Magazine.
