Further supporting recovery around the region, a majority of Asia Pacific’s key hotel markets surpassed their 2019 levels in gross operating profit per available room (GOPPAR), according to STR‘s March 2023 P&L data release.
Bali’s March GOPPAR reached US$52.92, which was 227.6% of the pre-pandemic comparable. In February, the market reported GOPPAR at US$41.90, which was 121% of the 2019 level.
New Delhi followed with a GOPPAR of US$82.40, which was 164.4% of the 2019 comparable. The GOPPAR level was slightly lower than February (US$101.71). While improved over February, Hong Kong’s GOPPAR was just 76.1% of the 2019 comparable.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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