U.S. hotel TRevPAR highest on record in March

U.S. hotel total revenue per available room was the highest for any month on record, according to STR‘s March 2023

May 3, 2023

Revenues and profits improved for a second consecutive month with each of the key profit-and-loss metrics showing double-digit growth year over year.

Key takeaways

  • The increase in TRevPAR prevented labor costs from placing further pressure on GOPPAR;
  • Profit margins continue to be strong even with increased labor costs as total revenues are growing and other expenses are being managed through reduced services, lower employment levels and adjusting operations;
  • While each of the Top 25 Markets saw GOPPAR levels above March 2022, Los Angeles was the only major market to realize a TRevPAR level lower than that comparable.

Get the full story at STR

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