Melbourne's hotel industry reported its highest performance levels since early in the pandemic, according to preliminary December 2020 data from STR.
The Baird/STR Hotel Stock Index was up 5.0% in December to a level of 4,574. For 2020 as a whole, the stock index fell 13.2%. "Hotel stocks continued their rebound in December as the positive vaccine and re-opening sentiment remained front and center for investors," said Michael Bellisario, senior hotel research analyst and director at Baird.
Mexico's hotel industry has been a rather unique case of linear performance recovery. While most countries have seen fluctuations in the metrics, Mexico has been on a steady ascent leading to a November that produced the country's highest performance levels of the pandemic.
STR data for 27 December 2020 through 2 January 2021 showed Canada's hotel industry with slightly higher occupancy compared to the previous week.
Thanks to a travel boost leading into the New Year's holiday, U.S. weekly hotel occupancy improved noticeably from the previous week, according to STR's latest data through 2 January.
A total of 81 deals were announced in the global travel and tourism sector during December 2020, which is a decrease of 9% over 89 deals announced during the previous month, according to GlobalData, a leading data and analytics company.
Short-term rentals in three key U.S. cities showed mixed month-to-month performance but higher occupancy than hotels in their respective markets, according to November 2020 data from STR.
U.S. hotel profitability fell back to levels seen during earlier months of the pandemic, and year-over-year declines worsened from the previous month, according to STR's November monthly P&L data release.
STR data for 20-26 December 2020 showed Canada's hotel industry with lower occupancy compared to the previous week.
U.S. weekly hotel occupancy fell to its lowest level since early May, according to STR's latest data for the week of Christmas.