The key hotel markets in Europe experienced month on month improvement in gross operating profit per available room (GOPPAR) during the second month of this year, according to STR's February 2023 P&L data release.
London
According to a statement published on STR.com, GOPPAR reached US$65.55 in London in February, which was 83% of the pre-COVID-19 pandemic comparable figure. This followed the London market reporting GOPPAR at US$42.06 in January, which was 65% of the level recorded for 2019.
Amsterdam And Berlin
Amsterdam followed London with a GOPPAR of US$35.98, which was 74% of the comparable figure for pre-COVID-19 pandemic 2019, and followed a figure of 7% for January when using the same comparison. Meanwhile, Berlin's GOPPAR in February was 21% of the comparable figure for 2019, and showing a significant month on month increase from negative levels in January.
Baird/STR Hotel Stock Index Decreased In February
The above news follows news that the Baird/STR Hotel Stock Index decreased by 2.5% in February – to a level of 5,541 – according to a separate statement published on the website of hotel industry market data company STR.
The Baird/STR Hotel Stock Index surpassed both the S&P 500 (-2.6%) and the MSCI US REIT Index (-4.9%) in February, according to the statement published on STR.com, which also noted that the Hotel Brand sub-index decreased by 1.2% from January, to 10,219, while the Hotel REIT sub-index decreased by 7.0%, to 1,130.
Read More: Baird/STR Hotel Stock Index Decreased In February, Notes STR
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