STR’s latest monthly P&L data release shows U.S. hotel gross operating profit per available room down 105.4% in June. That year-over-year percentage change showed continued improvement from April (-116.9%) and May (-110.1%). Additionally, some full-service properties broke even with occupancy at 50%, one month after limited-service properties showed positive profitability on average when surpassing 45% occupancy.
In a year-over-year comparison with June 2019, the industry reported the following:
- GOPPAR: -105.4% to US$-5.89
- TRevPAR: -81.3% to US$46.95
- EBITDA PAR: -124.6% to US$-20.85
- LPAR (Labor Costs): -59.6% to US$31.21
