Direct channels, led by Property Direct, have been the main drivers for the muted 2020 recovery. OTA bookings have picked up some steam and widened the gap to Voice and GDS and Group continue to suffer the most--more than 80% down YoY. Lead Time has also shrunk nationally to below 2 weeks, almost a 50% decline year-over-year. Over the Last 3 months of occupancy levels have stabilized around 40%, indicating a stalled recovery. Group business is declining compared to August, most likely a sign of summer travels coming to an end as kids return to school.

About Kalibri Labs

Kalibri Labs evaluates and predicts revenue performance using its proprietary algorithms to generate the Optimal Business Mix for individual hotels, revealing the most promising opportunities to pursue along with specific direction on how to find and convert them. The HummingbirdPXM revenue strategy and benchmarking platform also includes the industry's most robust profiles for travel agent and OTA production. The Kalibri Labs database, updated weekly, is comprised of ADR, room revenue, room nights and acquisition costs from over 8 billion guest stays from almost 35,000 hotels dating back more than 5 years to give an expansive view of the U.S. hotel industry. Real estate developers, brokers, lenders, consultants, and others involved in hotel transactions use Kalibri Labs data to improve underwriting with a more granular view of benchmarks and trendlines for individual hotels, and almost 1000 markets and sub-markets for the U.S. These tools are enhanced with COVID-19 analysis to assist in modeling the future recovery curves.