Hotel revenue reaches 50% of 2019 level

BROOMFIELD, COLORADO – Total revenue for U.S. hotels reached 50% of the comparable 2019 level, according to STR‘s March 2021 monthly P&L data release.  GOPPAR, TRevPAR and EBITDA PAR came in higher than any month since February 2020.  GOPPAR: US$26.79  TRevPAR: US$86.61  EBITDA PAR: US$12.77  LPAR (Labor Costs): US$27.66 Amid hiring difficulties, total labor costs were just 60% of the figure reported for March 2019.  “We have seen continued improvement in room revenue, but with little coming in from F&B and other departments, industry TrevPAR is not gaining as much steam,” said Raquel…

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