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Month-over-month performance begins to stabilize

Through the global hospitality industry is still in critical condition, it appears to be coming off life support and moving to intensive care, given the extraordinary circumstances foisted by COVID-19, according to data from HotStats. As of May, and on a month-over-month basis, performance is either stabilizing or picking up. April, fingers crossed, was the bottom. U.S. eases into reopen In the U.S., between April and May, total revenue per available room (TRevPAR) was up 39% (down 92% year-over-year) and gross operating profit per available room (GOPPAR) was up 32% to $-17.25 (down 116.2% year-over-year). Absent a surge in coronavirus…
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