U.S. hotel profitability increased from the previous month on a per-available-room basis but was down when indexed to 2019, according to STR‘s October 2021 monthly P&L data release.
All of the key profitability metrics increased from September as October is historically a higher revenue month.
- GOPPAR: US$62.75
- TRevPAR: US$165.03
- EBITDA PAR: US$44.14
- LPAR (Labor Costs): US$52.17
Estimated industrywide gross operating profit was 89% of the 2019 comparable, after coming in at 97% when using the same index comparison in September. Labor costs reached 91% of pre-pandemic comparables in October after reaching a high of 96% in September.
