Hotel revenues and costs in an inflationary age
Revenue per available room must increase to offset environmental, social and governance costs
Over the past 50 years, hoteliers have dealt with inflationary pressures in a perfunctory manner - they passed those higher costs on to the guests. But following that trend won't be enough this year, according to HVS London.
Key takeaways
- Inflation is having a profound effect on the hotel industry, as well as the discretionary income of its potential guests;
- Hoteliers are prioritizing reducing expenses, with IT systems really showing their worth;
- Environmental, social and governance requirements costs to cause hotel owners’ eyes to widen the most.
Get the full story at Hotel News Now