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...