RevPAR Up, Profits Down In 2010

Aloha Kakou:

PKF Hospitality Research is predicting a 1.7% increase in revenue per available room (RevPAR) but a decrease in profits of 1.4% for US hotels in 2010.

The combination of decline in rates and increase in expenses such as housekeeping labor, laundry and guest supplies are the basis for the prediction of the decline in profit.

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