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Global Hotel Profit Improves in Q3, But Still Languishing

November 6, 2020

Hotels globally performed better in the third quarter, but the improvement proved to be only less bad, as COVID-19 continues to roil the world.

U.S. hotels in Q3 achieved a gross operating performance per available room (GOPPAR) of $-9.87, which was 58% higher than the GOPPAR recorded in Q2, but 110% down from the same period a year ago, according to data from HotStats. Though the quarter produced a jump, the U.S. remains the only global region yet to have achieved a positive month of GOPPAR since the pandemic began.

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