Globally , luxury hotels in Europe trailed their regional counterparts , a likely outcome of disparate lockdowns across the continent . The Middle East reported the highest profit numbers of any global region , spurred by such mega-events as Expo 2020 , a World Expo hosted in Dubai from October 2021 through March 2022 .
Within Europe , capital cities are finally back to producing solid GOPPAR output . London ’ s luxury segment profit recovery has followed a quasi V-shaped pattern from Q4 2021 through Q1 2022 . After hitting € 118 in November 2021 , GOPPAR dropped sharply in January 2022 to - € 16 , before progressing and finishing March 2022 at € 131 , which is the highest level it ’ s been since the pandemic .
Conversely , Berlin has had a more difficult time producing profit . Since December 2021 , the German capital ’ s luxury hotels have had three consecutive months of double-digit negative GOPPAR before breaking even in March 2022 .
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