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.
Strong holiday demand in both November and December helped overall profitability levels, with December showing 2021’s highest recovery.
Estimated Dubai GOPPAR for October 2021 came in at 159% of the 2019 comparable.
U.S. hotel profitability increased from the previous month on a per-available-room basis but was down when indexed to 2019.
The hotel industries in seven key Asia Pacific markets reported profitability levels well below pre-pandemic levels, with only Beijing above 40% of the 2019 comparable.
Estimated labor costs came in at 96% of the comparable level from 2019, which was the highest index of the pandemic-era.
The hotel industries in Amsterdam, Berlin, London, Moscow and Paris each reported improved profitability, but all remained well below pre-pandemic levels.w
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