- August 31, 2021
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Hotel profitability has come a long way since the emergence of the COVID-19 pandemic, and particularly in the past few months, according to data from STR, CoStar’s hospitality analytics firm.
Trends in U.S. hotel industry profit-and-loss data reveal that food and beverage revenues are still “slow to come back,” and are at only about 62% of 2019 levels year to date, said Joseph Rael, senior director of financial performance at STR, who presented during the “Pushing the P&L Reset Button” panel at the Hotel Data Conference.
Read the full article at HotelNewsNow (part of CoStar)