ιστοσελίδες ρόδος

HOTELS - ACCOMMODATION NEWS

Get the latest hotels - accommodation news and analysis on industry around the world.

You are here: Home / INDUSTRY NEWS / STR: ’22 U.S. hotel revenues, profits and labor costs reached record-highs

STR: ’22 U.S. hotel revenues, profits and labor costs reached record-highs

Total U.S. hotel revenues, profits and labor costs reached an all-time high, according to STR‘s P&L data for 2022. With more supply in the market, the key profitability metrics each came in lower than their pre-pandemic comparable on a per-available-room basis.
2022 estimated totals
Revenue: $239.7 billion
GOP: $101.3 billion
EBITDA: $74.8 billion
Labor: $70.9 billion
2022 per-available-room metrics (% change from 2019)
GOPPAR: $73.70 (-5.5%)
TRevPAR: $202.23 (-4.3%)
EBITDA PAR: $52.20 (-5.6%)
LPAR (Labor Costs): $65.94 (-7.6%)
“Total revenues and profits surpassed 2019 levels due to strong demand, tremendous pricing power influenced by inflation and increased revenues from other departments,” said Raquel Ortiz, director, financial performance, STR. “The metrics also improved on a per-available room basis as the year went on. Labor costs grew at a compound monthly rate of 3.7% as hotels maximized their staffing hours and paid out more to contract workers. At the same time, that contract labor played into profit margin growth because of the savings realized in benefits. F&B revenues have yet to recover to 2019 levels, with catering & banquets as the laggard due to the gap in group and corporate demand.”

Seven of the major markets realized both GOPPAR and TrevPAR levels higher than the 2019 comparables.
“GOPPAR and TRevPAR have continuously improved across all major markets. Those at the top and bottom ends of the recovery scale have also stayed the same, with beach/warmer destinations at the top while more urban/business-centric markets remain at the bottom,” Ortiz said.
The post STR: ’22 U.S. hotel revenues, profits and labor costs reached record-highs appeared first on hotelbusiness.com.
Source: hotelbusiness.com

FAIRMONT MAYAKOBA REIMAGINES DÍA DE MUERTOS WITH BESPOKE THREE-DAY CELEBRATION

Fairmont Mayakoba, the luxury beachfront haven set in the heart of Mexico’s Riviera Maya, unveils a multi-day celebration of Día de Muertos, one of the country’s most vibrant and beloved holidays. From October 31 to November 2, the idyllic seaside escape will bring treasured traditions to life through vibrant celebrations, hands-on workshops, and chef-driven experiences amidst the lush mangroves, … [Read More...]

Pacer Celebrates Milestone with 200th Hyatt Hotel Opening Supported by Pacer

Pacer, a leading scalable project intelligence solution, is thrilled to announce its milestone achievement of supporting 200 Hyatt hotel openings. The collaboration between Pacer and Hyatt has played a pivotal role in helping to streamline operations, ensure smooth hotel launches, and maintain Hyatt’s renowned global standards of excellence.A Relationship Rooted in Operational Excellence Since … [Read More...]

Four Seasons Celebrates New Openings, Renovations, and Journeys by Sea and Sky

Four Seasons sets the stage for 2026 with exceptional new openings, inspired transformations and curated journeys by sea and sky. From Cartagena to Hanoi, Gstaad to Madinah, each destination invites discovery, carrying forward the company’s heritage of service excellence and genuine care at every guest touchpoint. Seamless multi-destination adventures also await as guests set sail aboard the … [Read More...]