the source for hotel and hospitality trends
Today’s preliminary (second) monthly estimate of real gross domestic product, monthly˗GDP™, visualizes $51 billion more GDP in August, formed on refreshed, complete and revised source data, than were available for the flash August estimate released earlier this month.
Most foodborne illness happens because TCS food has been time-temperature abused.
Hotels in Central and South America fell 66.4% to 20.2% in August as ADR declined 34.7% to $53.66 and RevPAR dropped 78.1% to $10.82.
During the week of 13-19 September, U.S. hotel occupancy decreased 31.9% to 48.6%, ADR dipped 28.9% to $95.84 and RevPAR declined 51.6% to $46.54.
Canadian hotel occupancy fell 52.8% to 37% during the week of 13-19 September. ADR decreased 32.2% to 121.94 Canadian dollars ($90.92) and RevPAR dropped 68% to CA$45.17 ($33.68).
On15th September attendees at a webinar hosted by HVS, AlixPartners, Bird & Bird and EP Magazine heard a distinguished panel of experts debate the impact of the global pandemic on hotel values across Europe and whether it has, in fact, created an investment opportunity.
JLL’s Hotel Investor Sentiment Survey provides a perspective on the current state of the lodging industry and highlights investor expectations related to investment activity and hotel performance.
Europe hotels reported occupancy fell 44.6% to 43% in August. ADR dipped 13% to €103.95 ($121.37) and RevPAR decreased 51.8% to €44.69 ($52.18) for the month.
In August, hotels in the Middle East saw occupancy decrease 32.5% to 42.6%, ADR fall 26.3% to $115.46 and RevPAR decline 50.3% to $49.23. In Africa, hotel occupancy decreased 60.5% to 25%, ADR dipped 11.8% to $95.75 and RevPAR dropped 65.1% to $23.91.
Hotel occupancy in the Asia/Pacific region decreased 31% to 50.8% in August, according to STR. ADR dropped 27.3% to $69.81 and RevPAR fell 49.8% to $35.48 during the month.