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U.S. hotel profitability picks up further in June, full-service properties break even at 50% occupancy

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

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