Miami And Qatar Led 2022 Hotel Profit Recovery

By Dave Simpson
Miami And Qatar Led 2022 Hotel Profit Recovery

According to 2022 data from hotel industry market data company STR, STR's full-year P&L data has shown that hotel profit recovery in the major global markets last year was led by Miami and Qatar.

GOPAR

Gross operating profit per available room (GOPPAR) exceeded pre-COVID-19 pandemic 2019 levels, reaching 155% of the 2019 comparable in Miami, and 152% in Qatar, according to a statement published on STR.com.

Key Market Outliers By Each Region

According to the statement published on STR.com, in Europe, Paris's GOPPAR (US$173.02) was 123% of the comparable level in 2019, London's (US$105.17) was 88% and Berlin's (US$34.67) was 60%.

In the the Middle East, after Qatar, Dubai's GOPAR (US$132.68) was 140% of the comparable level in 2019, while Oman had the lowest recovery at 78% of 2019.

In Asia Pacific, New Delhi (US$51.00)'s GOPAR was 100% of its the comparable level in 2019, Singapore's (US$83.57) was 87% and Bali's (US$49.37) was 81%.

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In North America, after Miami, Toronto’s GOPPAR (US$88.03) was 100% of the comparable level in 2019 and San Francisco's (US$50.86) was furthest away from the comparable level in 2019 at 41%.

Finally, in South America, Bogota's GOPPAR (US$36.83) was 106% of the comparable level in 2019, Rio de Janeiro's (US$17.17) was 71% and Lima's (US$5.74) was 14%.

Read More: ADR And RevPAR Were Up In Europe In 2022, Compared To Pre-Pandemic 2019, According To STR

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