U.S. hotel gross operating profit per available room (GOPPAR) reached its highest level since October 2019.
The global hotel industry is producing strong performance numbers all against a climate of financial unease.
Among key hotel markets in the Middle East, Dubai’s GOPPAR came in seven times higher than the 2019 comparable.
U.S. hotel GOPPAR exceeded the pre-pandemic comparable for a second consecutive month.
Among key hotel markets in the Asia Pacific region, Sydney’s GOPPAR level came closest to its 2019 comparable.
U.S. hotel gross operating profit per available room reached its highest level since November 2019.
February was a stronger month all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound.
Estimated Dubai GOPPAR for October 2021 came in at 159% of the 2019 comparable.