Estimated labor costs came in at 96% of the comparable level from 2019, which was the highest index of the pandemic-era.
Europe’s key hotel markets show improved profitability
The hotel industries in Amsterdam, Berlin, London, Moscow and Paris each reported improved profitability, but all remained well below pre-pandemic levels.w
U.S. hotels surpassed 2019 profit level in July
Estimated U.S. hotel gross operating profit for July 2021 came in at 111% of 2019 comparable.
