Hotel profit picture looks good through 2015
Future profitability of hotels? Revenues should keep going up through 2015 with a rise in occupancy levels leading to higher pricing policies.
So predicts the PKF-HR Hotel Horizon report.
"The steps taken to reduce expenses during 2009 have still been in practice during 2010 and 2011. If these measures are continued, then the combination of increase in ADR and reduced expenses should lead to remarkable growth in profits for the hotel industry," writes Hospitality Portal.
The hotel industry started coming out of the recession in 2010, according to various sources. But it was not until last year that the improvements began to spread industry-wide.
The 2012 PKF Hospitality Research Trends found that profits then increased 12.7%, which was below previous levels.
Revenues have increased in the past few years compared to the recession but "there is still room for much improvement if hotels want to reach earlier profit levels," the site says.
By David Wilkening
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026