Skip to content

Search

Latest Stories

Kalibri Labs: Occupancy rates flat at around 27 percent

The rate is the same as seen three weeks ago, indicating a trough has been reach

U.S. OCCUPANCY RATES nationwide remained flat as of May 12 with some upward movement in leisure travel, according to hospitality data and analytics firm Kalibri Labs. The company is tracking several trends on is COVID 19 Industry Health Dashboard.

National occupancy rates remained around 27 percent, the level reached three weeks ago, according to the dashboard. ADR continued to decline.


Other trends on the dashboard are:

  • Occupancy has moved up in some leisure-driven room rate purchase categories, such as loyalty and OTA rates. At the same time, group and corporate rate business has seen no upward movement on a nationally aggregated scale.
  • Net group bookings through the remainder of 2020 still look to be net negative, especially in the summer months. However, because fall cancelations are not as severe there is still some optimism that meetings will be held late this year.
  • After a one week upward bump in net airline bookings in Atlanta, the week ending May 10 showed a significant retreat back to levels reported by most major destinations. At this point, it appears many travelers are still hesitant to book airline reservations.
  • It appears some hotels are beginning to reopen because the percentage of closed rooms dropped from last week. This includes luxury hotels with a little more than 40 percent open, up from 33 percent a few weeks ago.

On April 29, Kalibri Labs announced it would provide supporting data for R. M. Woodworth & Associates, formed by Mark Woodworth, previously senior managing director for CBRE Hotels Research.

More for you

AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less
Palette Hotels to Transform DoubleTree by Hilton in Washington, PA

Palette to manage Washington, PA, DoubleTree

Palette’s Expertise in Hospitality Management

SUNRISE GOLD HOSPITALITY recently selected Palette Hotels to manage its 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, Pennsylvania. Palette will oversee renovations, including Hilton Connected Rooms technology upgrades, new signage, landscaping, building systems and updates to the lobby, guestrooms, bathrooms, meeting spaces, restaurant, bar and lounge.

Sunrise Gold Hospitality is led by owner Ramesh Pandya, and Palette Hotels by Founder and CEO Richard Lou.

Keep ReadingShow less