Among key hotel markets in the Middle East, Dubai’s GOPPAR came in seven times higher than the 2019 comparable.
U.S. hotel profitability lower in May
U.S. hotel GOPPAR fell from the previous month, but surpassed the pre-pandemic comparable for a third consecutive month.
STR, TE upgrade forecast to full U.S. RevPAR recovery in 2022
On a nominal basis, the metric is now expected to surpass 2019 levels in 2022.
Paris hotels reached 2019 profitability level in March
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.
South America hotel profitability still slumping
Key hotel markets in South America are still struggling to regain profitability due to inflation, pandemic-driven gaps in travel, and lessened impact from events.
U.S. hotel profits reached 52% of pre-pandemic level in 2021
Strong holiday demand in both November and December helped overall profitability levels, with December showing 2021’s highest recovery.
Dubai hotels surpassed 2019 profit level in October
Estimated Dubai GOPPAR for October 2021 came in at 159% of the 2019 comparable.
Recovery of U.S. hotel profitability stalled in October
U.S. hotel profitability increased from the previous month on a per-available-room basis but was down when indexed to 2019.
Profitability in APAC well below pre-pandemic levels
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.
Labor costs brought U.S. hotel profitability down further in September
Estimated labor costs came in at 96% of the comparable level from 2019, which was the highest index of the pandemic-era.
