U.S. Hotel Profitability Worsened in November

STR | January 5, 2021

BROOMFIELD, Colorado—U.S. hotel profitability fell back to levels seen during earlier months of the pandemic, and year-over-year declines worsened from the previous month, according to STR‘s November monthly P&L data release. In a year-over-year comparison with November 2019, the industry reported the following: GOPPAR: -97.5% to US$2.13 TRevPAR: -73.5% to US$60.92 EBITDA PAR: -120.2% to US$-12.30 LPAR (Labor Costs): -61.4% to US$31.32 The industry’s GOPPAR was the lowest since June (US$-5.89). “Profitability data fell in line with the November performance metrics we released earlier this month, as U.S....