Miami and Qatar markets led the world in resort revenue restoration in 2022

Miami and Qatar led the foremost international markets in resort revenue restoration for 2022, in response to STR‘s full-year P&L knowledge launch.

Each markets’ gross working revenue per obtainable room (GOPPAR) surpassed 2019 ranges, with the metric reaching 155% of the 2019 comparable in Miami. Helped by the World Cup, Qatar’s GOPPAR listed at 152%. Qatar is designated as a market in STR’s database attributable to its dimension and composition.  

Famous under are the important thing market outliers by every area:

EuropeParis’ GOPPAR (US$173.02) was 123% of its comparable 2019 stage. London (US$105.17) was the following closest market at 88%. Berlin (US$34.67) recaptured simply 60% of 2019 GOPPAR.  

Center EastWhereas Qatar led when it comes to restoration, Dubai had a better GOPPAR stage (US$132.68) and got here in a detailed second when it comes to restoration, at 140%. Oman, whereas improved yr over yr, confirmed the bottom restoration at 78% of the pre-pandemic comparable. 

Asia Pacific New Delhi (US$51.00) was the one main APAC market to realize 100% of its pre-pandemic comparable. Singapore (US$83.57) and Bali (US$49.37) got here in at 87% and 81% of the 2019 comparables, respectively. 

North America Behind Miami, Toronto’s GOPPAR stage (US$88.03) got here in at 100% of the 2019 comparable. San Francisco’s GOPPAR (US$50.86) was furthest away from its pre-pandemic comparable at 41%. 

South AmericaBogota’s GOPPAR got here in at US$36.83, which was 106% of the pre-pandemic comparable. Rio de Janeiro (US$17.17) noticed the next-highest GOPPAR comparability (71%). Lima (US$5.74) was at simply 14% of the 2019 comparable.

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Key profitability metrics:TRevPAR – Whole income per obtainable roomGOPPAR – Gross working revenue per obtainable roomEBITDA – Earnings earlier than curiosity, earnings tax, depreciation, and amortizationLPAR – Whole labor prices per obtainable room