Gross operating profit per available room for U.S. hotels reached 52 percent of the comparable 2019 level, according to STR‘s full-year 2021 profit-and-loss data. Strong holiday demand in both November and December helped overall profitability levels, with December showing 2021’s highest recovery index in each of the key metrics.
“Though the industry still has a way to go on the path to full recovery, a lot of headway was made in 2021,” said Raquel Ortiz, STR’s assistant director of financial performance. “Each passing month we saw revenues and profits continue on a positive, upward trend. Profit margins were relatively strong throughout the year, remaining close to prepandemic levels.
