Miami and Qatar led the major global markets in hotel profit recovery for 2022, data from STR has revealed.
According to STR’s annual P&L data, Miami’s gross operating profit per available room (GOPPAR) shot past 2019 levels, with the metric reaching 155% compared with the year before the pandemic. In Qatar, GOPPAR indexed at 152% compared with 2019, aided by the World Cup.
Trailing behind Qatar was Dubai, which achieved 140% - at $132.68 - compared with 2019. Next was Paris, with GOPPAR at 123% - $173.02 - of its level in 2019, making it the leader in Europe.
In Asia Pacific, New Delhi led the way, achieving 100% - at $51.00 - of its pre-pandemic comparable and in South America, Bogota saw the highest GOPPAR comparison at 106% with $36.83.