Marie Fukudome, Hyatt Hotels and Resorts in the Broadcast Studio at GBTA Convention 2023
August 21, 2023
Marie Fukudome, Associate Vice President, Sustainability at Hyatt Hotels and Resorts at GBTA Convention 2023 | Dallas to explore business travel news and industry updates.
HotStats data shows that while room revenue per available room are up by 17 percent in Europe compared to January 2020, F&B is at just 5 percent. UK hotels saw a 2.8 percentage point drop in gross operating profit margin between 2019 and 2023, and of that, 3.1 percentage points came directly from food and beverage profitability as margins fell from 30 percent to 22 percent.
The Advertising Standards Authority said it was misleading to promote £35 rooms when only a small percentage of nights had such a low rate available. In the future, a higher percentage of rooms must be available at the advertised rate.
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Ryan Haynes / Henrique Tiago de Castro / James Lemon / Charlotte Newton / Alberto Plaza / Raimund Notz / Carsten Wernet / Piergiorgio Schirru / Gérald Lampaert / Christoph Peppers / Jon Siberry / Matthew Prosser
