monthly P&L data
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, Dubai...
Dubai Hotels Surpassed 2019 Profit Level in October
STR | December 7, 2021
LONDON — December 7, 2021 — Estimated Dubai gross operating profit per available room (GOPPAR) for October 2021 came in at 159% of the 2019 comparable, according to STR‘s latest monthly P&L data release. Building on its launch in the U.S., STR now features monthly P&L data reporting in four world regions: Europe, the Middle East, Asia Pacific, and the Americas. Helped by the opening of Expo 2020 and the ICC Men’s T20 World Cup 2021, Dubai’s GOPPAR reached US$178, while total revenue per available room (TrevPAR) was US$316. Dubai’s top-line performance was also lifted during the month, as the market reported its hi...
Europe’s Key Hotel Markets Show Improved Profitability but Remain Well Below Pre-Pandemic Levels
STR | October 4, 2021
LONDON — October 4, 2021 — The hotel industries in Amsterdam, Berlin, London, Moscow and Paris each reported improved profitability, but all remained well below pre-pandemic levels, according to STR‘s August 2021 monthly P&L data release. Building on its launch in the U.S., STR now features monthly P&L data reporting in Europe, the Middle East, Asia Pacific, and the Americas (excluding U.S.). Using U.S. dollar constant currency, August was the first month of the pandemic-era in which all five of these key European markets posted positive levels of gross operating profit per available room (GOPPAR). Moscow, which had reach...
U.S. Hotel Profitability Dipped in August
STR | September 30, 2021
HENDERSONVILLE, Tennessee — September 30, 2021 — With the end of the summer travel surge, estimated gross operating profit for U.S. hotels came in lower than the previous month, according to STR‘s August 2021 monthly P&L data release. August GOP was lower on a per-available-room basis as well as when indexed to the comparable month from 2019. Estimated GOP was 111% of 2019 levels in July but just 94% in August. The only key profitability metric to increase month over month was labor per available room. GOPPAR: US$49.31 TRevPAR: US$146.22 EBITDA PAR: US$32.13 LPAR (Labor Costs): US$47.99 “Lower profita...
U.S. Hotels Surpassed 2019 Profit Level in July
STR | September 1, 2021
HENDERSONVILLE, Tennessee — September 1, 2021 — Estimated U.S. hotel gross operating profit for July 2021 came in at 111% of the 2019 comparable, according to STR‘s latest monthly P&L data release. In addition to total GOP estimates above July 2019, EBITDA came in at 116% of the pre-pandemic comparable. On a per-available-room basis, each of the key profitability metrics, aside from labor, came in higher than any month since February 2020. GOPPAR: US$62.33 TRevPAR: US$156.58 EBITDA PAR: US$41.81 LPAR (Labor Costs): US$46.24 “It is first important to note that one, or even a few months, wi...
U.S. Hotel Profit Reached 84% of 2019 Level, Labor Rises Slightly
STR | August 2, 2021
BROOMFIELD, Colorado — Gross operating profit for U.S. hotels improved to 84% of the comparable 2019 level, according to STR‘s June 2021 monthly P&L data release. Labor costs also rose from the previous month and in comparison with 2019. Each of the key profitability metrics, on a per-available-room basis, came in higher than any month since February 2020, while labor was at its highest level since March 2020. GOPPAR: US$50.67 TRevPAR: US$131.81 EBITDA PAR: US$33.10 LPAR (Labor Costs): US$37.39 “After the industry recorded its highest top-line metrics since October 2019, it is no surp...
STR, TE Upgrade Latest U.S. Hotel Forecast
STR | May 11, 2021
ATLANTA — May 11, 2021 — Underpinned by stronger-than-expected demand during Q1, STR and Tourism Economics upgraded the latest U.S. hotel forecast just released at the Hunter Hotel Investment Conference. Even with 2021 projections higher, full recovery of demand remains on the same timeline for 2023, while close-to-complete recovery of revenue per available room (RevPAR) is still projected for 2024. “The next stage of the U.S. travel recovery has commenced,” said Adam Sacks, Tourism Economics president. “An effective vaccine rollout and generous fiscal stimulus will drive the fastest single-year economic expansion in nearly 40 ...
Hotel Revenue Reaches 50% of 2019 Level
STR | May 4, 2021
BROOMFIELD, Colorado — May 4, 2021 — Total revenue for U.S. hotels reached 50% of the comparable 2019 level, according to STR‘s March 2021 monthly P&L data release. GOPPAR, TRevPAR and EBITDA PAR came in higher than any month since February 2020. GOPPAR: US$26.79 TRevPAR: US$86.61 EBITDA PAR: US$12.77 LPAR (Labor Costs): US$27.66 Amid hiring difficulties, total labor costs were just 60% of the figure reported for March 2019. “We have seen continued improvement in room revenue, but with little coming in from F&B and other departments, industry TrevPAR is not gaining as much steam,” said Raqu...
