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São Paulo leads hotel profitability recovery in Latin America

Among key hotel markets in Latin America, São Paulo led in recovery of gross operating profit per available room (GOPPAR), according to STR‘s June 2022 P&L data release.

São Paulo’s June GOPPAR reached US$42.78, which was 145.4% of the pre-pandemic comparable. That level was down from May, however, when the market saw GOPPAR at US$50.01, which was 160% of the comparable 2019 level.

Also reporting significant month-over-month improvement in the region, Rio posted a June GOPPAR of US$31.50. That level was 145% of the pre-pandemic comparable. Meanwhile, Lima’s GOPPAR was just 31% of the 2019 comparable, up from negative territory in May.

hotel profitability

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Key profitability metrics:
TRevPAR – Total revenue per available room
GOPPAR – Gross operating profit per available room
EBITDA – Earnings before interest, income tax, depreciation, and amortization
LPAR – Total labor costs per available room

Tags: Brazil, Hotel profitability, Latin America, São Paulo, tourism


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