U.S. hotel gross operating profit
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...
Labor Costs Brought U.S. Hotel Profitability Down Further in September
STR | November 2, 2021
HENDERSONVILLE, Tennessee — November 2, 2021 — Increased spending on labor created lower gross operating profit for U.S. hotels, according to STR‘s September 2021 monthly P&L data release. Estimated labor costs came in at 96% of the comparable level from 2019, which was the highest index of the pandemic-era. All the key profitability metrics fell from August. GOPPAR: US$46.29 TRevPAR: US$140.94 EBITDA PAR: US$30.47 LPAR (Labor Costs): US$47.50 “Higher labor margins meant less room for profits, and the GOP margin fell for the second consecutive month to 33%,” said Raquel Ortiz, STR’s assistant dire...
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...
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