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STR: Hotel F&B performance up again in 2018

HENDERSONVILLE, TENNESSEE – U.S. hotel food-and-beverage revenue per occupied room (F&B RevPOR) increased 2.7% in 2018, according to total-year data from STR.

F&B RevPOR reached US$112.67, up from US$109.73 in 2017 and US$106.92 in 2016. This growth reflected increases across all hotel classes with contributions from both food and beverage revenue sources.

Among F&B department revenue centers, catering & banquets experienced the most significant growth over 2017 with a 3.4% increase in revenue per available square foot.

“Innovation and creative use of public space continued to have a positive influence on hotel F&B results,” Veronica Andrews, Director, Digital Data Solutions for STR, said. “Hotel venue revenue per available seat grew 3.0% over the previous year.”

In-Room Dining RevPOR was down 4.2%, and Andrews offered a reminder that this trend represents more self-serve, less costly alternatives to traditional room service and shifts to more communal options in hotel restaurants and bars.

Among major markets, F&B performance increases were common as Group business in the combined Luxury and Upper Upscale hotel segments bounced back. Same-store analyses of the Miami and Seattle markets confirmed the influence of group demand on Catering & Banquets RevPAS, which was up significantly in Miami and, contrary to industry performance, down compared to last year in the Seattle market.

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