Each of Europe’s key hotel markets saw year-over-year improvement and their highest 2023 levels in gross operating profit per available room (GOPPAR), according to CoStar’s June 2023 P&L data release. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Among the key markets, Paris posted the highest GOPPAR level (US$420.74), which was a 105.8% increase over May. The market also reported the largest year-over-year jump (+40.8%).

London’s GOPPAR level reached $161.47, which was a 12.7% increase from June 2022 and up 35.7% month over month.

Amsterdam’s GOPPAR (US$149.59) was 4.5% higher than 2022, while Berlin saw an increase of 23.7% in the metric (to US$104.28).

Europe’s key hotel markets report highest GOPPAR of 2023 — Source: STREurope’s key hotel markets report highest GOPPAR of 2023 — Source: STR
Europe’s key hotel markets report highest GOPPAR of 2023 — Source: STR

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About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.