U.S. Hotel Profitability Improved in September; Labor Costs Exceed 2019

STR | November 1, 2022

HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR’s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time. GOPPAR: US$84.03  TRevPAR: US$222.97 EBITDA PAR: US$60.71 LPAR (Labor Costs): US$71.52 “Labor costs moved ahead the 2019 comparable due to continued high levels of hospitality unemployment and more spending on contract labor,” said Raquel Ortiz, STR’s director of financial ...