US Hotel Industry Posts $16.7 Billion Profit In 2004

The US Hotel industry generated profits of $16.7 billion on room revenues of $86 billion and all-time high total revenues of $113.7 billion.

Smith Travel Research (STR), the recognized leader in performance benchmarking for the US hotel industry, released the results of its 2005 HOST (Hotel Operating Statistics) study, based on yearend 2004 results.

The US Hotel industry generated profits of $16.7 billion on room revenues of $86 billion and all-time high total revenues of $113.7 billion.

The profit in 2004 was 30.5 percent higher than in 2003, when the industry achieved profits of $12.8 billion. Industry revenue increased 8 percent from $105.3 billion in 2003.

Gross operating profit as a percent of total sales (GOP) increased from 35 percent in 2003 to 36.6 percent in 2004.