U.S. hotel gross operating profit per available room reached positive territory for the first time since February, according to STR’s latest monthly profit and loss data release.
In a year-over-year comparison with July 2019, the industry reported the following:
GOPPAR: -93.3% to US$5.74
TRevPAR: -74.1% to US$60.04
EBITDA PAR (earnings before interest, taxes, depreciation and amortization): -115.1% to US$-9.24
Labor costs: -64.8% to US$28.46
The industry had registered negative GOPPAR values for four consecutive months: March (US$-2.10), April (US-$17.98), May (US$-10.26) and June (US$-5.89).