{"id":220885,"date":"2023-05-08T06:15:00","date_gmt":"2023-05-07T23:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=220885"},"modified":"2023-05-08T06:15:42","modified_gmt":"2023-05-07T23:15:42","slug":"asia-pacific-hotels-rebuild-profitability","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2023\/05\/asia-pacific-hotels-rebuild-profitability\/","title":{"rendered":"Asia Pacific hotels rebuild profitability"},"content":{"rendered":"\n<p>LONDON, 8 May 2023: Supporting regional recovery, most of Asia Pacific\u2019s key hotel markets surpassed their 2019 gross operating profit per available room (GOPPAR), according to STR\u2018s March 2023 P&amp;L data release.<\/p>\n\n\n\n<p>Bali\u2019s March GOPPAR reached US$52.92, 227.6% of the pre-pandemic comparable. In February, the market reported GOPPAR at USD41.90, 121% of 2019.<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img decoding=\"async\" width=\"600\" height=\"314\" data-src=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/51c2b733-600x314.jpeg\" alt=\"\" class=\"wp-image-220896 lazyload\" data-srcset=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/51c2b733-600x314.jpeg 600w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/51c2b733-300x157.jpeg 300w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/51c2b733-768x402.jpeg 768w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/51c2b733-696x364.jpeg 696w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/51c2b733-1068x559.jpeg 1068w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/51c2b733-803x420.jpeg 803w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/51c2b733.jpeg 1200w\" data-sizes=\"(max-width: 600px) 100vw, 600px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 600px; --smush-placeholder-aspect-ratio: 600\/314;\" \/><\/figure>\n\n\n\n<p>New Delhi followed with a GOPPAR of USD82.40, 164.4% of the 2019 comparable. The GOPPAR level was slightly lower than in February (USD101.71). While improved over February, Hong Kong\u2019s GOPPAR was just 76.1% of the 2019 comparable.<\/p>\n\n\n\n<p><strong>Key profitability metrics<\/strong><\/p>\n\n\n\n<p>TRevPAR &#8211; Total revenue per available room.<br>GOPPAR &#8211; Gross operating profit per available room.<br>EBITDA &#8211; Earnings before interest, income tax, depreciation, and amortisation.<br>LPAR &#8211; Total labour costs per available room.<\/p>\n\n\n\n<p><em>(Source: STR)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, 8 May 2023: Supporting regional recovery, most of Asia Pacific\u2019s key hotel markets surpassed their 2019 gross operating profit per available room (GOPPAR), according to STR\u2018s March 2023 P&amp;L data release. Bali\u2019s March GOPPAR reached US$52.92, 227.6% of the pre-pandemic comparable. In February, the market reported GOPPAR at USD41.90, 121% of 2019. New Delhi [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":220896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4257,640],"tags":[],"class_list":{"0":"post-220885","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asia-pacific","8":"category-hotels"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asia Pacific hotels rebuild profitability - TTR Weekly<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ttrweekly.com\/site\/2023\/05\/asia-pacific-hotels-rebuild-profitability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia Pacific hotels rebuild profitability - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"LONDON, 8 May 2023: Supporting regional recovery, most of Asia Pacific\u2019s key hotel markets surpassed their 2019 gross operating profit per available room (GOPPAR), according to STR\u2018s March 2023 P&amp;L data release. 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