Labor Costs Kept U.S. Hotel GOPPAR Down in June

Costar Group | August 4, 2023

Labor costs reached highest growth rate of pandemic-era WASHINGTON – 4 August 2023 – U.S. hotel gross operating profit per available room (GOPPAR) fell year over year for a second consecutive month, 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. June 2023 per-available-room metrics (% change from June 2022) GOPPAR: US$91.37 (-1.4%) TRevPAR: US$237.12 (+4.8%) EBITDA PAR: US$66.78 (-5.6%) LPAR (Labor Costs): US$75.48 (+13.4%) “Labor costs continued to rise year over year, growing nearly th...