U.S. hoteliers enjoyed a seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth. However, by limiting the growth in operating expenses to just 1.6 percent, hotels were able to extract a 3.7 percent increase in gross operating profits for the year.
from HOTELMARKETING.COM http://ift.tt/2voDKaa
Thursday, August 10, 2017
Cost controls drove hotels’ profit growth in 2016
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