WASHINGTON – 8 August 2023 – Each of Europe’s key hotel markets saw year-over-year improvement and their highest 2023 levels in gross operating profit per available room (GOPPAR), according to CoStar’s June 2023 P&L data release. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Among the key markets, Paris posted the highest GOPPAR level (US$420.74), which was a 105.8% increase over May. The market also reported the largest year-over-year jump (+40.8%).
London’s GOPPAR level reached $161.47, which was a 12.7% increase from June 2022 and up 35.7% month over month.
Amsterdam’s GOPPAR (US$149.59) was 4.5% higher than 2022, while Berlin saw an increase of 23.7% in the metric (to US$104.28).
For more information about the company and its products and services, please visit www.costargroup.com.
Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 78,000 properties and 10.3 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
