Led by Asia-Pacific, Global Hotel Industry Makes Monthly Strides

HotStats | August 26, 2020

The world continues to deal with a pandemic that doesn’t want to subside. The hotel industry could use some breathing space. According to July profit and loss data from HotStats, the global regions continue to accrue negative months of profitability, with Asia-Pacific the exception, after two consecutive months of positive gross operating profit per available room (GOPPAR). And though global performance data is still well off from the year prior, there is room for celebration, with monthly strides being made in most key performance metrics. As COVID-19 drags on, with some 24 million confirmed cases worldwide, hotels, especially in ...