STR: Miami and Dubai Led Major Markets in Hotel Profit Recovery in 2021
LONDON — Miami and Dubai led the major global markets in hotel profit recovery for 2021, according to STR’s full-year P&L data release. Miami’s gross operating profit per available room (GOPPAR) beat 2019 levels by 14 percentage points, while Dubai reached 95 percent of its pre-pandemic comparable. Noted below are the market outliers by each region: Europe Moscow’s GOPPAR (US$38.88) was 80 percent of its comparable 2019 level. Paris (US$60.00) was the next closest market […]
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