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News Details

STR: U.S. hotel revenues surpassed $200 billion in 2017

Results from STR's 2018 HOST Almanac indicate that U.

S.

hotel industry revenues topped an estimated $208 billion in 2017, which was an increase of $10 billion from 2016.

The total revenue figure and a total industrywide house profit of $77 billion were each all-time highs for the industry.

STR's HOST (Hotel Operating Statistics) P&L program compiles data from more than 9,000 hotels annually.

Those properties comprise 1.

9 million rooms globally.

Even though records were set in each category, STR's Consulting & Analytics team notes that growth was much lower than the levels experienced in 2015.

House profit increased 4.

0% compared with 111% in 2015.

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BROOMFIELD, Colorado -- Results from 's 2018 HOST Almanac indicate that U.S. hotel industry revenues topped an estimated $208 billion in 2017, which was an increase of $10 billion from 2016. The total revenue figure and a total industrywide house profit of $77 billion were each all-time highs for the industry. STR's (Hotel Operating Statistics) P&L program compiles data from more than 9,000 hotels annually. Those properties comprise 1.9 million rooms globally. Even though records were set in each category, STR's Consulting & Analytics team notes that growth was much lower than the levels experienced in 2015. House profit increased 4.0% compared with 11.1% in 2015. Total revenues increased 4.5% in 2016 after rising 8.1% in 2015. "The industry reached a milestone by exceeding $200 billion in total revenue last year," said Joseph Rael, STR's director of financial performance. "However, while revenue is still growing, expenses grew at a higher rate for the second year in a row. As a result, profit margins have declined somewhat."