Despite Steady Improvement Over Recent Months, Hotel Profits Were Down 105 Percent In June

Hotel profitability, badly damaged by the Coronavirus, has been improving over the past few months.  In April profits were down 117% from the previous year, in May down 110%, and in June down 105% (per hospitality research firm STR). The markets that are performing best are Florida’s Tampa/St. Pete and California’s Anaheim/Santa Ana.  These markets provided both the best total revenue per room (TRevPar) and the highest gross operating profit per room (GPPPAR).