Hotel supply and demand trackers STR report for the week ending 11 April 2020:
- US overall RevPAR down 83.6% year-on-year, following a drop of 81.6% in the previous week
- RevPAR trends by category - chains:
- Luxury -95.2%
- Upper Upscale -94.6%
- Upscale -86.1%
- Upper Midscale -81.6%
- Midscale -68.5%
- Economy -49.7%
- RevPAR trend within Upscale and Luxury:
- Transient -94.9%
- Group -96.6%
- RevPAR trend - independent: -81.9%
Top 5 city markets:
- Boston -92.4%
- Chicago -90.0%
- Washington DC -89.5%
- NYC -85.7%
- Los Angeles -85.1%
Other markets:
- San Francisco -93.5%
- Orlando -92.4%
- Miami -90.2%
Across markets, RevPAR trend was still universally down as of 11 April. If Boston's COVID-19 infections peaked on 20 April as projected, will hotel RevPAR trend flatten? Watch this space.
