LONDON—Further supporting recovery around the region, a majority of Asia Pacific’s key hotel markets surpassed their 2019 levels in gross operating profit per available room (GOPPAR), according to STR’s March 2023 P&L data release.
Bali’s March GOPPAR reached US$52.92, which was 227.6% of the pre-pandemic comparable. In February, the market reported GOPPAR at US$41.90, which was 121% of the 2019 level.
New Delhi followed with a GOPPAR of US$82.40, which was 164.4% of the 2019 comparable. The GOPPAR level was slightly lower than February (US$101.71). While improved over February, Hong Kong’s GOPPAR was just 76.1% of the 2019 comparable.
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Key profitability metrics:
TRevPAR – Total revenue per available room
GOPPAR – Gross operating profit per available room
EBITDA – Earnings before interest, income tax, depreciation, and amortization
LPAR – Total labor costs per available room
