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U.S. hotel profitability improvements slow in August

TRevPAR for full-service hotels was only 25% of what it was last August, while limited-service properties came in at 38% of last year’s value.

BROOMFIELD, COLORADO – Improvements in U.S. hotel profitability metrics slowed in August, according to STR‘s latest monthly P&L data release.

In a year-over-year comparison with August 2019, the industry reported the following:

  • GOPPAR: -91.3% to US$6.90
  • TRevPAR: -74.5% to US$55.72
  • EBITDA PAR: -112.1% to US$-6.96
  • LPAR (Labor Costs): -64.4% to US$27.19

“Overall profitability (GOPPAR) remained in positive territory for a second straight month, but the incremental improvements we had seen over the previous two months slowed,” said Raquel Ortiz, STR’s assistant director of financial performance. “Even though August produced the industry’s lowest year-over-year demand decline since March, revenue was stagnant. TRevPAR for full-service hotels was only 25% of what it was last August, while limited-service properties came in at 38% of last year’s value.”

Tatiana Rokou

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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