STR: U.S. Hotel GOPPAR Reaches Highest Level Since October 2019
HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) reached its highest level since October 2019, according to STR’s June 2022 P&L data release. U.S. Hotel Performance GOPPAR: $91.23 TRevPAR: $226.10 EBITDA PAR: $69.53 LPAR (Labor Costs): $68.40 “Each of the key bottom-line metrics increased from May due to a rise in room rates as well as improved revenue from F&B and groups,” said Joseph Rael, STR’s senior director of financial performance. “Profit margins […]
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