U.S. hotel profitability slowed in July but outpaced 2019 levels for fourth consecutive month

U.S. hotel gross operating profit per available room (GOPPAR) once again exceeded the pre-pandemic comparable, but came in lower than the month prior, according to STR‘s July 2022 P&L data release.

• GOPPAR: US$78.30
• TRevPAR: US$209.66
• EBITDA PAR: US$55.29
• LPAR (Labor Costs): US$67.27

STR: U.S. hotel results for week ending 3 September

U.S. hotel performance dipped from the previous week but continued to improve in comparison with 2019, according to STR‘s latest data through 3 September.

• Among the Top 25 Markets, Miami reported the largest increase over 2019 in occupancy (+30.1% to 62.2%) and RevPAR (+86.5% to US$112.37).
• San Diego reported the largest ADR gain over 2019 (+50.1% to US$222.47).
• San Francisco was the only market to show a decrease in RevPAR over 2019 (-16.2% to US$151.62).

28 August - 3 September 2022 (percentage change from comparable week in 2019):

• Occupancy: 62.8% (+3.1%)
• Average daily rate (ADR): US$147.14 (+20.9%)
• Revenue per available room (RevPAR): US$92.45 (+24.6%)