Further supporting recovery around the region, a majority of Asia Pacific’s key hotel markets surpassed their 2019 levels in gross
operating profit per available room (GOPPAR), according to STR‘s March 2023 P&L data release. Bali’s March GOPPAR reached US$52.92, which was 227.6% of the pre-pandemic comparable. In February, the market reported GOPPAR at US$41.90, which was 121% of the 2019 level. New Delhi followed with a GOPPAR of US$82.40, which was 164.4% of the 2019 comparable. The GOPPAR level was slightly lower than February (US$101.71). While improved over February, Hong Kong’s GOPPAR was just 76.1% of the 2019 comparable.
Industry stakeholders interested in Monthly P&L participation should contact MonthlyPnL@STR.com. Those interested in subscribing to reports should contact their account manager or info@STR.com.Key profitability metrics:TRevPAR – Total revenue per available roomGOPPAR – Gross operating profit per available roomEBITDA – Earnings before interest, income tax, depreciation, and amortizationLPAR – Total labor costs per available room
