Revenue per available room for New York City hotels has maintained a strong growth of 8.2% year-to-date through September. As a result, profitability from operations, measured as gross operating profit per available room, has outpaced total revenue per available room by 2%.
New York City hotels should prepare for increased labor expenses and lower profitability
Strong RevPAR growth has helped maintain a positive momentum in profitability margins
CoStar Analytics
October 30, 2024 | 12:28 P.M.
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