Over the last 90 days, HVMG has produced industry-beating
results in top line revenue, expense control and GOP margin.
- Upper-upscale hotels have struggled, so we are particularly proud that our portfolio delivered an average of $56.42 in TRevPAR vs. the industry average of $42.89. We outperformed by 32% and $14 PAR.
- We took swift measures to adjust expenses to match near-term demand. Our hotels spent $14.37 less PAR than the industry average.
- Our stronger revenues and thoughtfully-controlled costs delivered $12 more in GOPPAR, with our GOP margin averaging 27.4% to the industry's 4.3%.
HVMG's smart, decisive and fast action to mitigate the
pandemic's financial impact allowed us to outperform the industry and beat
the odds for our owners in revenue, cost containment and GOP.
Based on HVMG portfolio and STR data for June, July,
and August 2020.
