U.S. hotel gross operating profit per available room fell in May from the previous month, but surpassed the prepandemic comparable for a third consecutive month, according to STR's latest profit-and-loss data release.
- GOPPAR: $88.63
- Total revenue per available room: $219.58
- Earnings before interest, income tax, depreciation and amortization PAR: $67.80
- Labor costs: $66.27
The EBITDA PAR level also was down from April.
“After the top-line metrics showed mixed results in May, it wasn’t a surprise that the bottom-line metrics came in a bit lower,” said Raquel Ortiz, STR’s director of financial performance. “Regardless, each of the four key P&L metrics showed improvement when indexed to 2019, with GOPPAR and EBITDA PAR coming in higher than May 2019 levels. We continue to keep a close eye on [food and beverage] as group demand levels rise. F&B revenues are gradually moving closer to 2019 levels, but catering and banquet revenues continue to lag.”
Eight of the major markets realized both GOPPAR and TrevPAR levels higher than 2019 comparables.
“With increased business demand, the top 25 markets are showing improved profit levels. Miami, primarily because of higher room rates, continues to lead in both GOPPAR and TrevPAR recovery, reaching 240 percent of 2019 GOPPAR levels. Markets with the lowest GOPPAR index in May included San Francisco and Oahu Island,” Ortiz said.