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HotStats: U.S. hotels' February GOPPAR highest since Oct - 0 views

www.asianhospitality.com/february-highest-since-october

HotStats-report U.S-hotels-February GOPPAR U.S-hotel-occupancy Asian-Hospitality U.S-hotel-performance

shared by asianhospitality on 31 Mar 22 - No Cached
  • asianhospitality on 31 Mar 22
     
    GOPPAR OF U.S. hotels hit $65.98 in February, its highest point since October last year and more than $40 more than in January, but down from $90 in February 2019, according to HotStats. However, a rise in expenses could derail a profit rebound, the data analyzing firm said. The payroll expense of U.S. hotels was up to $66.60 per available room in February, highest since the inception of the pandemic, according to HotStats. Though payroll is up 192 percent from its lowest point during the pandemic, it is still down $30 when compared to pre-pandemic numbers. Factors such as inflation, supply chain problems and war in Ukraine are driving costs up. Expense on utilities on a PAR basis are already back to pre-pandemic levels, HotStats said.
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