STR: U.S. Hotel TRevPAR Reaches Highest Monthly Level in March 2023
HENDERSONVILLE, Tennessee—U.S. hotel total revenue per available room (TRevPAR) was the highest for any month on record, according to STR’s March 2023 P&L data release. U.S. Hotel Performance March 2023 Per-available-room Metrics (Percent change from March 2022)GOPPAR: $95.12 (up 14.5 percent)TRevPAR: $238.22 (up 17.5 percent)EBITDA PAR: $71.07 (up 14.4 percent)LPAR (Labor Costs): $74.43 (up 23.4 percent) “Revenues and profits improved for a second consecutive month with each of the key profit-and-loss metrics showing double-digit growth […]
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