image credit: Adobe Stock

STR Reports U.S. Hotel Profitability in September Exceeded Pre-pandemic Comparables

November 1, 2022

U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR’s July 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time.

  • GOPPAR: US$84.03
  • TRevPAR: US$222.97
  • EBITDA PAR: US$60.71
  • LPAR (Labor Costs): US$71.52

“Labor costs moved ahead the 2019 comparable due to continued high levels of hospitality unemployment and more spending on contract labor,” said Raquel Ortiz, STR’s director of financial performance. “Total labor costs were up 5% year to date, with all departments reporting higher expenses, except F&B, due to less group demand earlier this year.

Read More on Hotel News Resource