New Delhi hotels lead profitability recovery in Asia Pacific

LONDON—Four key Asia Pacific hotel markets, led by New Delhi, surpassed their pre-pandemic levels in gross operating profit per available room (GOPPAR), according to STR’s September 2022 P&L data release.

New Delhi’s September GOPPAR came in at US$54.58, which was 124% of the comparable 2019 level. In August, the market reported a GOPPAR level of US$45.55, which was 176% of the pre-pandemic comparable.

Singapore (107%), Kuala Lumpur (104%) and Sydney (104%) were the other key markets in the region that achieved a GOPPAR level higher than the 2019 comparable.

Of note, Tokyo registered the largest month-over-month increase in GOPPAR (+83.1% to US$59.50).

Industry stakeholders interested in Monthly P&L participation should contact MonthlyPnL@STR.com. Those interested in subscribing to reports should contact their account manager or info@STR.com.

Key profitability metrics:
TRevPAR - Total revenue per available room
GOPPAR - Gross operating profit per available room
EBITDA - Earnings before interest, income tax, depreciation, and amortization
LPAR - Total labor costs per available room

About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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