Hotel Profitability Global Update
STR | December 16, 2021
In our last global P&L article, we noted that hotel profitability improved across much of the globe as the industry continued its slow recovery. In this latest update with October data, we saw similar trends in P&L data although there were notable outliers in each world region. Berlin stands out as European markets show improvement Among the major European markets, Berlin achieved an October gross operating profit per available room (GOPPAR) of US$95.82, which was 111% of the 2019 comparable. Berlin was the only major market in Europe that was able to surpass its October 2019 GOPPAR level. Looking back at this past yea...
STR | November 11, 2021
November 11, 2021 — Profitability has improved across much of the globe as the hotel industry continues its slow recovery. In measuring that recovery, 2019 data is the benchmark, and by indexing with pre-pandemic levels, hoteliers can gain key context for the amount of profitability they are recapturing. Building on its initial launch in the U.S., STR now features monthly P&L data reporting in Europe, the Middle East, Asia Pacific, and the full Americas region. In our latest P&L press release focused on the Asia Pacific region, we noted that profitability in the region’s hotel markets was well below pre-pandemic levels as of...
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