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The construction of a new hotel, developed by Wing in cooperation with Budapest Airport, with a direct connection to Ferenc Liszt International Airport has begun, according to a press release sent to the Budapest Business Journal.
It seems our industry is or at least it was prior to Covid addicted to REVPAR. But we all know that measuring REVPAR is only an indication of room revenue performance and has absolutely nothing to do with profit. With ever increasing reporting tools we now have the ability to measure and even index GOP within a comp set just like REVPAR. The question is, who if anyone in our industry will take this giant step? Who will lead the charge to get comparable profit per available room as a key measurement to accompany REVPAR? With different stakeholders there are varying degrees of what's in our best...