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Connecticut Lodging Association
07/07/2022
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U.S. hotel profitability lower in May but above 2019 levels for third consecutive month |
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U.S. hotel gross operating profit per available room (GOPPAR) fell from the previous month, but surpassed the pre-pandemic comparable for a third consecutive month, according to STR‘s May 2022 P&L data release.
- GOPPAR: US$88.63
- TRevPAR: US$219.58
- EBITDA PAR: US$67.80
- LPAR (Labor Costs): US$66.27
The EBITDA PAR level was also down from April.
“After the top-line metrics showed mixed results in May, it wasn’t a surprise that the bottom-line metrics came in a bit lower,” said Raquel Ortiz, STR’s director of financial performance. “Regardless, each of the four key P&L metrics showed improvement when indexed to 2019, with GOPPAR and EBITDA PAR coming in higher than May 2019 levels. We continue to keep a close eye on F&B as group demand levels rise. F&B revenues are gradually moving closer to 2019 levels, but catering and banquet revenues continue to lag.”
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Governor Lamont Announces Launch of the Connecticut Department of Labor’s New Unemployment System, ReEmployCT |
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Governor Ned Lamont and Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo today announced a successful launch of the State of Connecticut’s new unemployment benefits and tax system, ReEmployCT.
Replacing a 40-year-old unemployment system, ReEmployCT serves approximately 115,000 businesses in Connecticut who pay into the Unemployment Trust Fund, as well as unemployed workers who are eligible for benefits.
“ReEmployCT is a significant step forward in Connecticut’s ability to provide modern services to its residents,” Governor Lamont said. “We must make government easier to navigate – it impacts every aspect of life and our economy. This new system is an important part of streamlining and modernizing government for everyone.”
“Connecticut had a strong rollout of the new system and I want to thank Governor Lamont and legislative leaders for their support of this initiative,” Commissioner Bartolomeo said. “This was an enormous project that required years of planning, and I want to acknowledge the agency team that has worked incredibly hard to get the technical work completed, help claimants and businesses transition, and handle the challenges presented with this type of multi-year project. We have more work ahead of us, but we are pleased with the transition and know that ReEmployCT will help make the unemployment system easier to navigate for all users.”
ReEmployCT replaces several unemployment systems in use at the agency. It provides a single sign-on for claimants; brings features online to help claimants and employers reduce the need to mail or fax documents; and it reduces the number of times some companies must file their wage records. The system also improves CTDOL functions by reducing manual processing and providing better data about unemployment. Read more.
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AHLA Foundation hiring campaign expands to 14 markets |
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The AHLA Foundation’s “A Place to Stay” recruitment campaign, has expanded from 5 markets to 14. The next phase of the campaign also includes building a bilingual English/Spanish website, expanding its presence on other social media channels including Tiktok and LinkedIn, and introducing email newsletters.
Why it matters: 97% of hotels are experiencing a staffing shortage, and 49% consider it severe, according to a May AHLA Front Desk Feedback survey.
What we’re saying: “If you've ever thought about working at a hotel, now's the time because the pay is better than it's ever been, the benefits are better than they’ve ever been, and the opportunity is better than it's ever been. The expansion of this campaign will help us bring this message to the masses at a crucial time, helping expand the hotel industry’s pool of prospective workers and grow our talent pipeline,” said Chip Rogers, president & CEO of AHLA.
Where it’s running: Miami, Dallas, Phoenix, Los Angeles, Chicago, Houston, Atlanta, Baltimore, Denver, San Diego, Nashville, New York City, Tampa/St. Petersburg, and Orlando. Read more.
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