Welcome to our new blog! Every month, we’ll break down industry data, offer profitability tips and share expert advice to benefit hotel owners and operators alike.
I have more than 13 years of experience serving as a trusted advisor and working with all the major hotel brands which has led to closing more than $1 billion in transactions. Today, Crown Hospitality Consulting, a 100% client focused hotel asset management and consulting firm, delivers personalized service and specialized expertise driven to increase profitability for our clients using a proven six-point strategy … our 6 Crown Jewels. We’re eager to share these points with you!
In the first of six videos in this valuable and informative series, we’ll be talking about overseeing capital improvements. Learn more about the steps we go through to assess and oversee your capital project.
The U.S. hotel industry has seen consistent positive results in three key performance areas as of June 2018.
In a year-over-year comparison with 2017, the industry posted:
Occupancy: +1.7% to 74.5%
Average daily rate (ADR): +2.8% to US$132.66
Revenue per available room (RevPAR): +4.6% to US$98.85
U.S. hotels have now posted 100 consecutive months of year-over-year RevPAR growth. Additionally, each of the key performance metrics are at record highs on a 12-month moving average.
*Data source: STR
We leverage years of diverse industry knowledge and attention to detail to ensure you are able to focus on your core business. When you engage Crown Hospitality, it’s our committment to our clients to…
– Protect your time
– Minimize risk
– Maximize return on investment
– Improve profitability
As your trusted advisor, we are the eyes and ears of your business, ensuring that every aspect of each project is executed with excellence.