São Paulo leads the recovery of hotel profitability in Latin America

1024 576
Travel2Latam
Travel2Latam
https://en.travel2latam.com/nota/75772-so-paulo-leads-the-recovery-of-hotel-profitability-in-latin-america
São Paulo leads the recovery of hotel profitability in Latin America
Source: Embratur
August 04, 2022

São Paulo leads the recovery of hotel profitability in Latin America


Among key hotel markets in Latin America, São Paulo led the recovery in gross operating profit per available room (GOPPAR), according to STR's June 2022 profit and loss data release.

São Paulo's June GOPPAR reached US$42.78, which was 145.4% of the pre-pandemic comparable. However, that level was down from May, when the market saw GOPPAR at US$50.01, which was 160% of the comparable 2019 level.

Also reporting a significant month-over-month improvement in the region, Rio posted a June GOPPAR of US$31.50. That level was 145% of the comparable level before the pandemic. Meanwhile, Lima's GOPPAR was just 31% of the 2019 comparable, up from negative territory in May.

visitas

Did you like the news? Share it!

to continue reading ...