Cost controls drove hotels’ profit growth in 2016

Cost controls drove hotels’ profit growth in 2016 U.S. hoteliers enjoyed a seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth. However, by limiting the growth in operating expenses to just 1.6 percent, hotels were able to extract a 3.7 percent increase in gross operating profits for the year. Source: Hotel Marketing Cost controls drove hotels’ profit growth in 2016

TripAdvisor reports falling earnings, but hopes for better times ahead

TripAdvisor reports falling earnings, but hopes for better times ahead TripAdvisor’s second-quarter results showed some of the pressures that the company faces. Sales were up 8% to $424 million, matching what most investors had expected to see. But adjusted net income fell 5%. Source: Hotel Marketing TripAdvisor reports falling earnings, but hopes for better times ahead