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Hotel Benchmarking
Operational Benchmarking for Hotels in Practice - By Arlene Ramirez

Operational Benchmarking for Hotels in Practice - By Arlene Ramirez

Do you remember back in school when you learned about homographs? You remember, of course, those are words that have the same spelling as another word but have a different sound and meaning. What does this have to do with operational benchmarking? Is spelling important? Well, yes and no, spelling is always important, but when implementing operational benchmarking as part of the finance culture of the organization, it is important to understand what is significant in terms of your operation.

Uniform System Of Accounts For The Lodging Industry (USALI)
Uniform System of Accounts for the Lodging Industry (USALI) banner

The Role of USALI and Operational Benchmarking in Financial Management - By Arlene Ramirez

In the hospitality sector, the Uniform System of Accounts for the Lodging Industry 11th edition (USALI) serves as a standardized framework, enabling hotels to utilize operational benchmarking effectively to assess and enhance their financial performance. When hotels adapt USALI reporting, leveraging its structured approach, they can compare their financial performance against industry standards and competitors.

Market Report Canada
Peyto Lake Overlook located in Banff National Park, Alberta Canada - Unsplash

HotStats Report - Market Spotlight on Canada

Recent data on the performance metrics of the Canadian hospitality market reveals a compelling story of resilience and recovery tinged with a note of warning on bottom-line conversion.

Market Report California
Palm tree behind a building - Source Hotstats

2023: A Challenging Year for California's Hotels

The first half of 2023 proved to be a roller coaster for the California hotel industry, with varying performance across luxury, full-service, and select-service segments. The year started on a high note, especially for luxury hotels, before experiencing a dramatic decline in Q2 across all major areas, compared to the same period in 2022.

Market Report U.K.
UK coast line

HotStats Report - United Kingdom Hotel Market Performance

In the latest updates on the regional market performance of the hotel industry in the United Kingdom, we share year-to-date data from May for 2023 compared to the same period in 2022 and 2019, according to HotStats’ monthly Hotel Benchmarking reports.