U.S. Hotel Profitability Reached 28-month High in March

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U.S. hotel gross operating profit per available room (GOPPAR) reached its highest level since November 2019, according to STR‘s March 2022 P&L data release.

The GOPPAR level was less than $10 shy of reaching the pre-pandemic comparable from March 2019.

  • GOPPAR: US$83.81
  • TRevPAR: US$204.84
  • EBITDA PAR: US$62.68
  • LPAR (Labor Costs): US$61.45

EBITDA PAR was the industry’s highest since November 2019, while TrevPAR and LPAR were the highest since March 2020.

Eight of the major markets realized GOPPAR levels higher than 2019 comparables.

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Industry stakeholders interested in Monthly P&L participation should contact MonthlyPnL@STR.com. Those interested in subscribing to reports should contact their account manager or info@STR.com.

Key profitability metrics:
TRevPAR – Total revenue per available room
GOPPAR – Gross operating profit per available room
EBITDA – Earnings before interest, income tax, depreciation, and amortization
LPAR – Total labor costs per available room

About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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