COVID-19 Resources

Market analytics and insights on the impact of the Coronavirus on Hotel Group Business

Blogs and Guidelines for Hotels

The CARES Act

Industry Media

Regional Insights

  • Group Cancellations by Region: 90 – 120 Day Booking Window (as of 3.11.20)
    • U.S./North America: 40%
    • Europe/UK: 52%
    • Asia Pacific: 90%
  • As expected, Asia Pacific has the highest cancellation rate with 90%, while U.S./North America hotels report a 40% cancellation rate for events and meetings. The U.S./North America rate has reached a relatively high level quickly as companies restrict travel and organizations cancel events in efforts to quickly control the spread of the virus and limit community exposure.

STR Statistics (source: STR.com)

  • COVID-19: Hotel Industry Impact Updates
  • In comparison with the week of 19-25 May 2019, the U.S. Hotel industry recorded the following:
    • Occupancy: 35.4% (-50.2%)
    • Average daily rate (ADR): US$80.92 (-39.7%)
    • Revenue per available room (RevPAR): US$28.67 (-69.9%)
  • In comparison with the week of 12-18 May 2019, the U.S. Hotel industry recorded the following:
    • Occupancy: 32.4% (-54.1%)
    • Average daily rate (ADR): -US$77.55 (-42.4%)
    • Revenue per available room (RevPAR): US$25.12 (-73.6%)
  • In comparison with the week of 5-11 May 2019, the U.S. Hotel industry recorded the following:
    • Occupancy: -55.9% to 30.1%
    • Average daily rate (ADR): -42.1% to US$76.35
    • Revenue per available room (RevPAR): -74.4% to US$22.95