4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
US hotel profitability reached 32-month high in June
Friday, 5th August 2022
Source : STR

US hotel gross operating profit per available room (GOPPAR) reached its highest level since October 2019, according to STR‘s June 2022 P&L data release.

  • GOPPAR: US$91.23
  • TRevPAR: US$226.10
  • EBITDA PAR: US$69.53
  • LPAR (Labor Costs): US$68.40

“Each of the key bottom-line metrics increased from May due to a rise in room rates as well as improved revenue from F&B and groups,” said Joseph Rael, STR’s senior director of financial performance.

“Profit margins have held strong the past 12 months but have been slightly reduced recently due to rising wages and costs. Hotels have brought back services, amenities and F&B operations that were previously reduced, which have increased profits overall but at lower margins. While F&B revenues remain strong, catering & banquet revenue has lagged with improvement in recent months due to rising group demand.”

Nine of the major markets realized both GOPPAR and TrevPAR levels higher than 2019 comparables.

“Summer travel demand has certainly helped the Top 25 Markets, with leisure-heavy markets, Miami and Anaheim, leading the way in GOPPAR recovery. Markets that rely more heavily on business demand, including Philadelphia and San Francisco, have shown improved GOPPAR levels, but remain at the bottom when compared with their counterparts. Despite improvement in June, San Francisco’s GOPPAR is just 32% of 2019 levels when looking at the first six months of the year,” Rael said.

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit www.str.com

 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2022 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy