us hotel profit
U.S. Hotel Profitability Slowed in July but Outpaced 2019 Levels for Fourth Consecutive Month
STR | September 6, 2022
HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) once again exceeded the pre-pandemic comparable, but came in lower than the month prior, according to STR‘s July 2022 P&L data release. GOPPAR: US$78.30 TRevPAR: US$209.66 EBITDA PAR: US$55.29 LPAR (Labor Costs): US$67.27 “While each of the key bottom-line metrics decreased slightly from June on a per-available-room basis, total profits increased with peak summer room demand and revenues,” said Raquel Ortiz, STR’s director of financial performance. “Profit margins were stronger than July 2019 for both full- and...
Recent Expense Rise Presents Threat to Hotel Profit
HotStats | March 30, 2022
February was a stronger month all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound. In the U.S., gross operating profit per available room (GOPPAR) hit $65.98 for the month, more than $40 higher than January and the highest it’s been since October. It’s still well below pre-pandemic profit, which was recorded at more than $90 in February 2019. Ever since profit fell dramatically in April 2020, well into negative territory, U.S. hotels have steadily climbed back, but the drive back to normal GOPPAR levels has come in fits and starts. The precipitous drop in...
U.S. Hotel Profits Reached 52% of Pre-Pandemic Level in 2021
STR | February 3, 2022
HENDERSONVILLE, Tennessee—Gross operating profit for U.S. hotels reached 52% of the comparable 2019 level, according to STR‘s full-year 2021 P&L data release. Strong holiday demand in both November and December helped overall profitability levels, with December showing 2021’s highest recovery index in each of the key metrics. “Though the industry still has a way to go on the path to full recovery, a lot of headway was made in 2021,” said Raquel Ortiz, STR’s assistant director of financial performance. “Each passing month we saw revenues and profits continue on a positive, upward trend. Profit margins were relative...
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 ...
