SEPTEMBER WAS OVERALL a positive month for the U.S. hotel industry, according to HotStats. A 1.1 percent increase in the RevPAR and a 1.4 percent increase in ADR fueled the month’s bottom-line rise.
The gross operating profits per available room increased 1.9 percent during the month to $102.94 and RevPAR reached $174.72. This was due to a 1.4 percent increase in the average room rate.
Occupancy for the month, however, went down 0.3 percent compared to the same time last year. TRevPAR increased by 3.3 percent to $270.99, because of the strong growth from the Rooms department and a 6.3 percent increase in F&B.
A 7.9 percent increase in conference and banqueting also contributed to TRevPAR growth.
The month also witnessed a 4.5 percent increase in labor costs, while total overheads increased 4.1 percent per available room.
Two New Orleans Saints home games and the Southern Decadence Labor Day weekend celebration benefitted New Orleans and contributed to a 22 percent increase in GOPPAR to $88.30.
A robust growth within the room department and a 9.1 increase in food & beverage helped TRevPAR to climb 13.8 percent to $216.25.
New York City, which hosted the 74th session of the UN General Assembly, saw a decline in most of the key performance indicators.
Revenue decrease and escalating expenses led to a decrease in GOPPAR, down 4.1 percent to $178.55.
Hotel profits reported a 1.4 percent growth in August.