U.S. Hotel Profit Improved to 70% of 2019 Level, Labor Flat

STR | July 1, 2021

BROOMFIELD, Colorado—Gross operating profit for U.S. hotels reached 70% of the comparable 2019 level, according to STR‘s May 2021 monthly P&L data release. While demand, revenues and GOP continue to uptick, labor spending remained flat from the previous month at 64%. Each of the key profitability metrics, on a per-available-room basis, came in higher than any month since February 2020 except for labor. GOPPAR: US$37.30 TRevPAR: US$102.52 EBITDA PAR: US$22.54 LPAR (Labor Costs): US$30.96 “May was another step forward as more economic reopening and more demand pushed industry-wide profitability further upward,â...