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U.S. Hotel Performance 2024: Rising Operating Costs Dampen Profit Margins Despite Revenue Growth
n 2024, U.S. hotels saw a 2.7% rise in Total Revenue per Available Room (TRevPAR) but a 1.1% decrease in GOP margins due to escalating operating costs.
n 2024, U.S. hotels saw a 2.7% rise in Total Revenue per Available Room (TRevPAR) but a 1.1% decrease in GOP margins due to escalating operating costs.
