ASIA Travel Tips.com

STR Publishes Annual Profitability Results

Search ASIA Travel Tips .com Send to Friend ASIA Travel Tips.com Latest Travel News Wednesday, 20 July 2011

According to the Annual Profitability Survey 2011 by STR Global, Gross Operating Profit Per Available Room (GOPPAR) rose in Asia Pacific, Europe and Latin America whilst falling in the Middle East.

The survey, in its 13th year, contains detailed data on hotel revenues and costs showing the dynamic evolution of the sector by city, country and region.

Shanghai benefitted from the World Expo with a 75% increase in GOPPAR, while Abu Dhabi suffered from its oversupply of hotel rooms with a decrease of more than 40%.

Ratio analysis provided in the Annual Profitability Survey shows that Mecca has the highest ratio of Gross Operating Profit to revenue with 68.5% whilst the Algarve has the lowest with 14.7%.

The lowest payroll to revenue ratio is found in Sharm El Sheikh with 11.8% whilst the highest is in Athens with 46.4%.

"As a strategic tool, the Annual Profitability Survey helps all stakeholders analyse markets, benchmark, budget, optimise revenues and produce feasibility studies," said Elizabeth Randall, managing director of STR Global.

More than 2,000 hotels participated in the survey that reports on 78 markets.

Profitability reports are available to purchase for 900 per market by contacting Lisa Rubsamen, Trend coordinator. 

See other recent news regarding: Airlines, Airports, Awards, Flights, Codeshare, FFP, Inflight, Lounges, First Class, Business Class, MICE, GDS, Rewards, Miles, Hotels, Apartments, Promotions, Spas, Yoga, Retreat, New Hotels, Traffic, Visitor Arrivals, Cruises, Free Deals, Interviews, Videos, STR


Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address above, or return to the Latest Travel News Asia main page to see all the latest headlines. You can also s
tay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Ms. Ina Israel of Coco Beach Island Resort in Puerto Galera, Philippines HD Video Tour of The Orchard Wellness and Health Resort in Melaka, Malaysia Exclusive HD video with Ms. Kanyarat Tantiviwat (Tarn), Director of Sales at The Haven Khao Lak Resort in Thailand
Coco Beach Island Resort Orchard Wellness Resort Melaka The Haven, Khao Lak
Exclusive HD video interview with Tin Kyi Min @ Yin Mon Oo, Director of Business Development of Mann Yadanarpon Airlines of Myanmar. Exclusive HD video interview with John Edwards, Executive Chef at The Orchard Wellness and Health Resort in Melaka, Malaysia Exclusive HD video interview with Art P. Boncato JR., Assistant Secretary of Tourism Regulation, Coordination and Resource Generation (TRCRG) at the Department of Tourism of Philippines
Mann Yadanarpon Airlines Exec Chef at Resort in Melaka Philippines Tourism
Exclusive HD video interview with Gilles Flores, General Manager of the Ngapali Bay Villas and Spa in Myanmar. Exclusive HD video interview with Ye Myat Min (Reggie), Commercial Director of Asian Wings Airways, a full service Myanmar-based airline Exclusive HD video interview with Dean Cid, General Manager of the Microtel by Wyndham Mall of Asia in Manila, Philippines
Ngapali Bay Villas Asian Wings Airways Microtel by Wyndham
An exclusive HD video interview about the elegant Airbus A350 XWB with David Velupillai, Marketing Director for Airbus Corporate Jets at Singapore Airshow 2014 Exclusive HD video interview with Ms. Myat Myat Tun, Deputy Director (Reservation/Ticketing & Interline) Commercial of Air Bagan in Myanmar ATR Demonstrates 72-600 Flight Simulator During Singapore Airshow 2014
Airbus A350 Air Bagan (Myanmar) ATR Simulator
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
© Copyright 1997 - 2015 - ASIA Travel Tips.com - All rights reserved.