U.S. Hotel Profit from 2021 Reaches 52 Percent of Pre-Pandemic Levels
HENDERSONVILLE, Tennessee—Gross operating profit for U.S. hotels reached 52 percent of the comparable 2019 level, according to STR‘s full-year 2021 P&L data release. Strong holiday demand in both November and December 2021 helped overall profitability levels, with December showing 2021’s highest recovery index in each of the key metrics. “Though the industry still has a way to go on the path to full recovery, a lot of headway was made in 2021,” said Raquel Ortiz, […]
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