U.S. Hotel Profitability Improved in October

STR | December 2, 2020

BROOMFIELD, Colorado—U.S. hotel profitability hit double figures for the first time since February, and year-over-year comparisons improved slightly from the previous month, according to STR‘s October monthly P&L data release. In a year-over-year comparison with October 2019, the industry reported the following: GOPPAR: -88.3% to US$12.69 TRevPAR: -72.2% to US$70.96 EBITDA PAR: -103.8% to US$-3.24 LPAR (Labor Costs): -61.1% to US$31.28 The industry’s GOPPAR was in single digits for the previous three months, including a level of US$8.14 in September. “There were positives in the profitability data even as...