After falling to roughly US$20.00 in January, gross operating profit for U.S. hotels reached nearly US$59.00 – the highest level in the metric since October 2021, according to STR‘s February 2022 P&L data release.
All of the key performance metrics increased from January, after concerns around Omicron pushed levels lower.
- GOPPAR: US$58.88
- TRevPAR: US$169.77
- EBITDA PAR: US$39.29
- LPAR (Labor Costs): US$56.63
“Following trends in top-line performance, U.S. profitability levels are recovering more quickly from Omicron than with previous variants,” said Raquel Ortiz, STR’s director of financial performance. “February GOPPAR was roughly 77% of the 2019 comparable, but independents (108%), luxury (94%) and midscale (88%) chains were far above the national average. The upper upscale (67%) and upscale (70%) segments are where the largest deficits persisted.
