Europe’s Key Hotel Markets Report Highest GOPPAR of 2023

CoStar Group | August 8, 2023

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% mont...