P&L data
Sydney Hotels Led April Profitability Recovery in Asia Pacific
STR | June 6, 2022
LONDON—Among key hotel markets in the Asia Pacific region, Sydney’s gross operating profit per available room (GOPPAR) level came closest to its 2019 comparable, according to STR’s April 2022 P&L data release. After coming in at just 51% of 2019 GOPPAR levels in March, Sydney posted an April GOPPAR of US$52.08, which was 82% of the pre-pandemic comparable. Also reporting significant month-over-month improvement, Singapore posted an April GOPPAR of US$45.56. That level was 54% of the pre-pandemic comparable after the market had reached just 37% using the same comparison in March. Bangkok’s GOPPAR was 27% of the 2019 compar...
South America Hotel Profitability Still Slumping
STR | April 6, 2022
HENDERSONVILLE, Tennessee — April 6, 2022 — Key hotel markets in South America are still struggling to regain profitability due to inflation, pandemic-driven gaps in travel, and lessened impact from events, according to STR’s February 2022 P&L data release. Building on its initial launch in the U.S., STR now features monthly P&L data reporting in four world regions: Europe, Middle East/Africa, Asia Pacific, and the Americas. “Most of the markets in the region are only averaging around 36% of their pre-pandemic levels in gross operating profit per available room,” said Patricia Boo, STR’s area direction f...
U.S. Hotel Profitability Back on the Rise After Omicron-Induced Dip
STR | April 5, 2022
HENDERSONVILLE, Tennessee — April 5, 2022 — After falling to roughly US$20.00 in January, gross operating profit for U.S. hotels reached nearly US$59.00 – the highest level in the metric since October 2021, according to STR‘s February 2022 P&L data release. All of the key performance metrics increased from January, after concerns around Omicron pushed levels lower. GOPPAR: US$58.88 TRevPAR: US$169.77 EBITDA PAR: US$39.29 LPAR (Labor Costs): US$56.63 “Following trends in top-line performance, U.S. profitability levels are recovering more quickly from Omicron than with previous variants,” said Ra...
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...
U.S. Hotel Profitability Stalled in September
STR | November 3, 2020
BROOMFIELD, Colorado—The U.S. hotel industry reported a third consecutive month with single-digit profitability, but improvements in year-over-year comparisons stalled, according to STR‘s September monthly P&L data release. In a year-over-year comparison with September 2019, the industry reported the following: GOPPAR: -91.7% to US$8.14 TRevPAR: -72.4% to US$68.58 EBITDA PAR: -109.3% to US$-7.03 LPAR (Labor Costs): -62.1% to US$31.94 Previous monthly GOPPAR comparisons came in at -91.3% (August), -93.3% (July), -105.4% (June) and -117.7% (May). “GOPPAR came in a bit higher than August on an absolute basis, but...
