u.s. hotel profit
With Summer’s Last Breath, Global Hotel Industry Still Gasping for Air
HotStats | September 28, 2021
The collective hotel industry is facing a cold, hard truth: attaining the same level of pre-pandemic operational performance will not be measured in days, but months, even years. That's what August data from HotStats portends and at a crossroads, as summer gives way to fall and a host of new variables come into play that could derail the modest success the past several months have demonstrated. In the U.S., profit continues to lag its 2019 form, with GOPPAR recorded at $52.27 in August, 31% lower than it was in August 2019. However, in a business that changes block to block, there is some good news, with some pockets surpassing expectation...
U.S. Hotels Surpassed 2019 Profit Level in July
STR | September 1, 2021
HENDERSONVILLE, Tennessee — September 1, 2021 — Estimated U.S. hotel gross operating profit for July 2021 came in at 111% of the 2019 comparable, according to STR‘s latest monthly P&L data release. In addition to total GOP estimates above July 2019, EBITDA came in at 116% of the pre-pandemic comparable. On a per-available-room basis, each of the key profitability metrics, aside from labor, came in higher than any month since February 2020. GOPPAR: US$62.33 TRevPAR: US$156.58 EBITDA PAR: US$41.81 LPAR (Labor Costs): US$46.24 “It is first important to note that one, or even a few months, wi...
U.S. Hotel Profit Reached 84% of 2019 Level, Labor Rises Slightly
STR | August 2, 2021
BROOMFIELD, Colorado — Gross operating profit for U.S. hotels improved to 84% of the comparable 2019 level, according to STR‘s June 2021 monthly P&L data release. Labor costs also rose from the previous month and in comparison with 2019.      Each of the key profitability metrics, on a per-available-room basis, came in higher than any month since February 2020, while labor was at its highest level since March 2020. GOPPAR: US$50.67 TRevPAR: US$131.81 EBITDA PAR: US$33.10 LPAR (Labor Costs): US$37.39 “After the industry recorded its highest top-line metrics since October 2019, it is no surp...
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...
STR: U.S. Hotel Results for Week Ending 22 May
STR | May 27, 2021
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy reached the 60% mark for the first time since the start of the pandemic, according to STR‘s latest data through 22 May. 16-22 May 2021 (percentage change from comparable week in 2019*): Occupancy: 60.3% (-15.1%) Average daily rate (ADR): US$115.57 (-13.6%) Revenue per available room (RevPAR): US$69.69 (-26.6%) ADR also reached its highest point of the pandemic but was still US$18 less than the corresponding week in 2019. RevPAR also hit a high point when compared to 2019. Miami (+2.8% to 76.0%) was the only Top 25 Market to report an occupancy increase over 2019. Sa...
U.S. Hotel Profit Improved to 60% of 2019 Level, Labor Remains Stagnant
STR | May 27, 2021
BROOMFIELD, Colorado—Gross operating profit for U.S. hotels reached 60% of the comparable 2019 level, according to STR‘s April 2021 monthly P&L data release. While GOP in comparison with 2019 improved from 50% in March, labor spending was up to just 64% in April after coming in at 60% the previous month. Each of the key profitability metrics, on a per-available-room basis, came in higher than any month since February 2020 except for labor, which was down slightly from March. GOPPAR: US$28.67 TRevPAR: US$87.34 EBITDA PAR: US$14.12 LPAR (Labor Costs): US$26.76 “April was an encouraging month as more of the top-...
U.S. Hotel Profitability Hits Pandemic High
STR | April 5, 2021
BROOMFIELD, Colorado—U.S. hotel gross operating profit per available room (GOPPAR) reached its highest absolute level since February 2020, according to STR‘s February 2021 monthly P&L data release. GOPPAR had come in no higher than US$12.69 for any month since the pandemic’s initial impact on industry performance last March. In addition to improved absolute levels in the profitability metrics, year-over-year comparisons were less steep. GOPPAR: US$17.35 (-83.3%) TRevPAR: US$85.11 (-67.4%) EBITDA PAR: US$0.14 (-99.8%) LPAR (Labor Costs): US$34.26 (-60.2%) “Year-over-year percentage changes will turn positive ...
U.S Flips to Positive Hotel Profit as Europe Backslides
HotStats | November 30, 2020
The U.S. in October shed the ignominy of being the only global region to have not recorded a positive month of profitability since the start of the COVID-19 pandemic. The country finally reached gross operating profit per available room (GOPPAR) above $0, but at $5.43, it was still down 95.5% compared to the same time last year. And though the U.S. climbed back into the black, Europe regressed, backsliding to €-5.06 after two consecutive positive months, as the Middle East and Asia-Pacific remained above water. Even so, positive momentum heading into the fourth quarter is threatened to be upended by escalating COVID cases combined wit...
