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.
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