U.S. hotel revenue
Major Markets Driving U.S. Hotel Profitability Gains
CoStar Group | December 6, 2023
WASHINGTON – 6 December 2023 – Improvement in group demand across the Top 25 Markets drove U.S. hotel revenue and profit growth, according to October P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. October 2023 per-available-room metrics (% change from October 2022) GOPPAR: US$97.45 (+3.7%) TRevPAR: US$240.74 (+4.0%) EBITDA PAR: US$69.60 (-1.2%) LPAR (Labor Costs): US$74.48 (+5.9%) The industry saw its largest year-over-year increases in GOPPAR and TRevPAR since March 2023. “The Top 25 Markets have showed an...
U.S. Hotel Revenues, Profits and Labor Costs Reached Record-Highs in 2022
STR | February 8, 2023
HENDERSONVILLE, Tennessee—Total U.S. hotel revenues, profits and labor costs reached an all-time high, according to STR‘s P&L data for 2022. With more supply in the market, the key profitability metrics each came in lower than their pre-pandemic comparable on a per-available-room basis. 2022 estimated totals Revenue: US$239.7 billion GOP: $101.3 billion EBITDA: US$74.8 billion Labor: US$70.9 billion 2022 per-available-room metrics (% change from 2019) GOPPAR: US$73.70 (-5.5%) TRevPAR: US$202.23 (-4.3%) EBITDA PAR: US$52.20 (-5.6%) LPAR (Labor Costs): US$65.94 (-7.6%) “Total revenues ...
STR, TE Upgrade Forecast to Full U.S. RevPAR Recovery in 2022
STR | June 6, 2022
NEW YORK—STR and Tourism Economics have upgraded the recovery timeline for U.S. hotel revenue per available room (RevPAR). On a nominal basis, the metric is now expected to surpass 2019 levels in 2022, according to the latest forecast just presented at the 44th Annual NYU International Hospitality Industry Investment Conference. The major factor in the revised timeline was a +$11 adjustment in 2022 average daily rate (ADR). Occupancy for the year is projected to come in under the pre-pandemic comparable, while ADR and RevPAR are forecasted at $14 and $6 higher than 2019, respectively. Previous versions of the forecast projected nomi...
Hotel Revenue Reaches 50% of 2019 Level
STR | May 4, 2021
BROOMFIELD, Colorado — May 4, 2021 — Total revenue for U.S. hotels reached 50% of the comparable 2019 level, according to STR‘s March 2021 monthly P&L data release. GOPPAR, TRevPAR and EBITDA PAR came in higher than any month since February 2020. GOPPAR: US$26.79 TRevPAR: US$86.61 EBITDA PAR: US$12.77 LPAR (Labor Costs): US$27.66 Amid hiring difficulties, total labor costs were just 60% of the figure reported for March 2019. “We have seen continued improvement in room revenue, but with little coming in from F&B and other departments, industry TrevPAR is not gaining as much steam,” said Raqu...
