A new report presented by STR showed that Miami and Qatar were the two tourist destinations that led the recovery in terms of hotel earnings during 2022. Gross operating profit per available room (GOPPAR) of both markets exceeded 2019 levels, and the metric reached 155% of the 2019 comparable in Miami. Also, with the help of the World Cup, Qatar's GOPPAR index stood at 152%.
Key market outliers for each region are listed below: The GOPPAR for
Paris ($173.02) was 123% of its comparable level in 2019. London ($105.17) was the next closest market at 88%. Berlin ($34.67) recovered just 60% of 2019 GOPPAR.
While Qatar led in terms of recovery, Dubai had the highest GOPPAR level ($132.68) and ranked second in terms of recovery at 140%. Oman, while improving year-over-year, showed the lowest recovery at 78% of comparable pre-pandemic.
New Delhi ($51.00) was the only major APAC market to achieve 100% of its pre-pandemic peer. Singapore ($83.57) and Bali ($49.37) accounted for 87% and 81% of 2019 comparables, respectively.
Behind Miami, Toronto GOPPAR ($88.03) level reached 100% of 2019 comparable. San Francisco GOPPAR ($50.86) was the furthest away from its pre-price comparable pandemic with 41%.
The GOPPAR for South America
Bogotá reached US$36.83, which was 106% of the comparable pre-pandemic figure. Rio de Janeiro ($17.17) saw the next highest GOPPAR comparison (71%). Lima ($5.74) was only 14% behind the comparable in 2019.