STR & TE maintain ADR and RevPAR forecast in the last U.S. hotel forecast revision of 2022

STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022. Revenue per available room (RevPAR) remains on track for full recovery this year on a nominal basis but not until 2025 when adjusted […]

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U.S. hotel profitability improved in September | Labor costs exceed 2019

U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR‘s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time. • GOPPAR: US$84.03 • TRevPAR: US$222.97 • EBITDA PAR: […]

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