NEW YORK A study conducted by Jones Lang LaSalle Hotels found that, on average, five-star city hotels performed better than their resort counterparts with occupancy of 75.1%, higher than the resorts average of 71.7%. The weighted ADR was 12.3% higher for city hotels at $338, versus $301 for resorts.
Meanwhile, slightly higher ADR for urban hotels carried their total revenue figure to $595 per occupied room, compared to $584 per occupied room for resorts, said the report.
Despite the differences, resorts and hotels perform equally well in terms of profitability, said Jones Lang LaSalle. The ratio of net income was almost identical, totaling 29.6% for resorts and 29.4% for city hotels. (4/23/01)