Saudi Arabia GOPPAR index at 102% of the 2022: STR

Saudi Arabia (US$71.75) was the only other market to show a higher GOPPAR index over the previous month, at 102% of the 2022 comparable. Jordan’s GOPPAR level reached US$66.77 in May, showing a significant month-over-month increase (+34.1%). That level was 106% of what was seen in May 2022, but was down from the 369% index reported in April. Qatar reached a GOPPAR of US$37.95, down 20.9% year over year. The market, however, saw a month-over-month jump of 39.0% and was one of the only markets to show an improvement in the index (at 79% of May 2022 levels).

Among key hotel markets in Middle East & Africa, Jordan and Qatar realized the only month-over-month  gross operating profit per available room (GOPPAR) improvements, according to STR’s May 2023 P&L data release.

Key profitability metrics:

TRevPAR – Total revenue per available room

GOPPAR – Gross operating profit per available room

EBITDA – Earnings before interest, income tax, depreciation, and amortization

LPAR – Total labor costs per available room