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 stay 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 the General Manager of The Ritz-Carlton, Bali, Mr. Karim Tayach. In this HD video interview, filmed on the side lines of the AAPA Assembly of Presidents at  The Ritz-Carlton, Bali, we sat down with Ilya Gutlin President, Asia Pacific of SITA to learn more about the company and the future of air travel. Exclusive HD video interview with Mr. Luc Bollen, General Manager of The Park Lane Hong Kong, a Pullman Hotel.
The Ritz-Carlton, Bali Future of Aviation The Park Lane Hong Kong
A very brief glimpse into one woman's amazing journey sailing from California to Terengganu in Malaysia Exclusive HD video interview with Air Macau's Chairman of the Board and President of Executive Committee, Mr. Zheng Yan Exclusive HD video interview with the General Manager of the JW Marriott Hotel Macau, Mr. Brian Tong.
Sailing from California to Malaysia Air Macau's Chairman JW Marriott Macau
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014 Exclusive HD video interview with Mr Wayne Mak, Managing Director of Rhombus International Hotels Group HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 Rhombus Int. Hotels Group Thai Vietjet A320-200
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 © 1997-2016 ASIATravelTips.com/TravelNewsAsia.com