Four key Asia Pacific hotel markets, led by New Delhi, surpassed their pre-pandemic levels in gross operating profit per available room (GOPPAR), according to STR‘s September 2022 P&L data release.New Delhi’s September GOPPAR came in at US$54.58, which was 124% of the comparable 2019 level. In August, the market reported a GOPPAR level of US$45.55, which was 176% of the pre-pandemic comparable. Singapore (107%), Kuala Lumpur (104%), and Sydney (104%) were the other key markets in the region that achieved a GOPPAR level higher than 2019 comparable. Of note, Tokyo registered the largest month-over-month increase in GOPPAR (+83.1% to US$59.50).
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 room GOPPAR – Gross operating profit per available room EBITDA – Earnings before interest, income tax, depreciation, and amortization LPAR – Total labor costs per available room