The U.S. hotel industry reported higher performance from previous months as well as all-time high room rates.
London’s hotel industry reported its highest monthly occupancy level since February 2020.
Lifted by the Australian Grand Prix, Melbourne’s hotel industry reported its highest monthly room rates on record.
Among key hotel markets in Europe, Paris was the only one to achieve gross operating profit per available room (GOPPAR) that was 100% of the 2019 comparable.
The U.K., Poland, and Ireland are the three European countries to achieve occupancy indexes that are 80% or better to pre-pandemic levels.
U.S. hotel gross operating profit per available room reached its highest level since November 2019.