HTrends Mobile Edition

The impact of the COVID-19 pandemic on the Las Vegas economy has been extremely harsh given the market’s reliance on visitation and conventions. Following five consecutive years of accommodating more than 42 million visitors, Las Vegas hosted just over 19 million people in 2020 (the lowest number of visitors since 18.1 million in 1989). Continued weak performance is anticipated through the first half of 2021.

Africa’s destinations have been some of the hardest hit in terms of hotel occupancy. The region closed 2020 with weekly occupancy trending between 20%-25%, and more recently during the week ending 7 February, occupancy was still at just 24.8%. When compared with other key regions, only Europe (21.4%) reported lower occupancy for that opening week of February.

London’s short-term rental industry recorded a month-over-month increase in occupancy but declines in average daily rate (ADR) and revenue per available room (RevPAR), according to January 2021 data from STR.

Texans displaced by freezing temperatures and outages pushed the state’s occupancy to a 50-week high, according to an analysis by STR.

Short-term rentals in Miami, Nashville and Philadelphia showed mixed performance results during January 2021, according to data from STR. Short-term rentals continued to post higher occupancy levels than hotels in each of the three markets.