However property taxes declined 8.9% due to successful property tax reductions at two of our hotels, which improved margins by 49 basis points in the quarter. While lowering our property taxes was a great result, the significant true up reductions for 2017 will make for a more challenging comparison for this line item in 2018.Total hotel expenses increased 4.1% during the fourth quarter. While we continue to make progress improving the operating efficiencies of our hotels, wage and benefit pressures due to the shortage of workers and all urban markets will continue to be a headwind, which we expect will continue into 2018.
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