ARLINGTON, Virginia—U.S. hotel industry profits grew in 2024, but increased labor costs and inflation limited growth, according to P&L data from CoStar. U.S. Hotel Industry 2024 Per-Available Room Metrics Percentage change from 2023 GOPPAR: $73.60 (up 3.2 percent) TRevPAR: $209.67 (up 7.2 percent) EBITDA PAR: $51.88 (up 2.5 percent) LPAR (Labor Costs): $72.44 (up 11.2 percent) “Growth in total operating expenses, especially labor, has had the biggest impact on profits,” said Raquel Ortiz, senior manager […]

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