Trends in US Utility Costs
publication date: Sep 21, 2011
After two years of declining revenues and profits, U.S. hotels turned the corner in 2010. According to the 2011 edition of Trends® in the Hotel Industry published by PKF Hospitality Research (PKR-HR), the average hotel in the nation achieved a 4.8 percent increase in total revenue during 2010. While 70 percent of the properties in the Trends® sample enjoyed an increase in total revenue in 2010, only 60 percent were able to convert that into more money on the bottom line.
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