STR: U.S. Hotel Profitability Rises Following Omicron Variant Dip
HENDERSONVILLE, Tennessee—After falling to roughly $20.00 in January, gross operating profit for U.S. hotels reached nearly $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. U.S. Hotel Performance GOPPAR: $58.88 TRevPAR: $169.77 EBITDA PAR: $39.29 LPAR (Labor Costs): $56.63 “Following trends in top-line performance, U.S. profitability levels are recovering more quickly […]
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