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Europe’s key hotel markets showed improved profitability in February

Europe’s key hotel markets reported month-over-month improvement in gross operating profit per available room (GOPPAR), according

Badrutt’s Palace first Europe hotel to have 5G
Badrutt’s Palace first Europe hotel to have 5G

to STR‘s February 2023 P&L data release. London’s February GOPPAR reached US$65.55, which was 83% of the pre-pandemic comparable. In January, the market reported GOPPAR at US$42.06, which was 65% of the 2019 level. Amsterdam followed with a GOPPAR of US$35.98, which was 74% of the 2019 comparable after reaching just 7% in January when using the same comparison. Berlin’s GOPPAR was 21% of the 2019 comparable, showing a significant month-over-month lift from negative levels in January.

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

Tags: Europe’s key hotel, February, markets, profitability

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