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It’s time for the hospitality industry to start rethinking how it measures success. That means looking beyond revenue and making hotel profitability the goal. Consider the performance of New York hotels in Q4 2019. According to HotStats data, RevPAR dipped by 4.3% YOY, but the true financial cut went much deeper. Labor costs jumped 1.7% […]
The post 5 Steps Toward Maximizing Hotel Profitability appeared first on Travel Daily.
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