Miami and Dubai Led the World in Hotel Profit Recovery in 2021

STR | February 7, 2022

LONDON — February 7, 2022 — Miami and Dubai led the major global markets in hotel profit recovery for 2021, according to STR‘s full-year P&L data release. Miami’s gross operating profit per available room (GOPPAR) beat 2019 levels by 14 percentage points, while Dubai reached 95% of its pre-pandemic comparable.   Noted below are the market outliers by each region:   Europe Moscow’s GOPPAR (US$38.88) was 80% of its comparable 2019 level. Paris (US$60.00) was the next closest market at 33%. Amsterdam (US$10.53) recaptured just 10% of 2019 GOPPAR.   Middle East Helped by Expo 2020, Dubaiâ€...