US hotel spend grows while ancillary flatlines
PKF Hospitality Research has announced the latest results of their 2013 Trends in the Hotel Industry, showing a healthy 6.3% increase in rooms revenue from 2012 to 2013.
The study, which has been in existence since 1937, collects information from 6,500 hotels in the United States. The increase in year-over-year hotel revenues follows the scarcity of inventory due to historically high occupancy rate in the United States.
However, the study paired that good news with some stark challenges facing U.S. hoteliers this year, as total hotel revenues only increased 5% year-over-year. This means that revenues from food and beverage and other income increased only 2.3 percent per available room (PAR), or 0.5 percent when measured on a dollar per occupied room basis (POR).
Director of Research Information Services Richard Mandelbaum explained the findings in an email to Tnooz: