This week in Hospitality & Tourism #36 2022
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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
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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%)