New Delhi hotels lead profitability recovery in Asia Pacific

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 global hospitality research and analytics specialists 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).