Commercial Construction & Renovation

The gross operating profit margin for US hotels rose to 11.9% in September and 17.9% in October despite flat occupancy, the fading of summer leisure travel and continuing famine in business bookings, STR reports. Gross operating profit per room in October was nearly three times higher than September’s for airport hotels, while interstate hotels approached pre-pandemic figures, the analytics firm noted. Read the TravelPulse story here