Hotels Miss 2006 Profit Budget
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PKF Research shows that hotels missed their bottom-line expectations in 2006.
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Hotels Miss 2006 Profit Budget
- 1. HISTORICAL BUDGET ACCURACY Percent Difference Actual Compared to Budgeted Performance* Source: PKF Hospitality Research Note: * - Sample of properties that reported budget data. ** - Before deducting capital reserves, rent, interest, income taxes, depreciation, and amortization.
- 2. 2006 HOTEL BUDGET ACCURACY Percent Difference Actual Compared to Budgeted Performance* Source: PKF Hospitality Research Note: * - Sample of properties that reported budget data. ** - Before deducting capital reserves, rent, interest, income taxes, depreciation, and amortization.
- 3. 2006 HOTEL BUDGET ACCURACY Percent Difference – By Chain Scale* Actual Compared to Budgeted Performance Source: PKF Hospitality Research Note: * - Sample of properties that reported budget data. ** - Before deducting capital reserves, rent, interest, income taxes, depreciation, and amortization.