Source: Hotel Management
By Chuck Dobrosielski
July 2, 2019
After the year’s first negative turn in gross operating profit per available room (GOPPAR) in April, May proved a stronger month for U.S. hotels. According to data from HotStats, GOPPAR and revenue per available room (RevPAR) both rose 2 percent year over year in May to $112.80 and $172.24, respectively.
May’s rise in profits came despite a 4.7% YOY increase in payroll to $97.49, on a per-available-room basis. Non-room departments specifically helped offset this rise with YOY revenue increases recorded in F&B (up 3.5 percent) and conference and banqueting (up 2.4 percent), on a per-available-room basis. Overall, total revenue per available room (TRevPAR) increased 3.4 percent YOY to $283.54.