Kalibri Labs COVID 19 Industry Health Dashboard - UPDATED DATA 07/21/20

Observations/Trends - 07/21/20

Observations/Trends - 07/21/20

  • Across all rate categories, demand was down week over week. This is attributable in part to reduced demand, but also a result of the July 4th week having a favorable year over year comparison (7/4/19 = Wednesday; 7/4/20 = Friday).
  • Despite the recent weeks declines all rate categories other than group and corporate are showing revenue improvements from the trough in mid-April.
  • It is possible that the most recent surge in cases across U.S. could result in downward trends in demand in the short term/next few weeks. The unknown and evolving nature of both health and business restrictions will most certainly have some impact on hotel and travel demand.
  • Without more defined and consistent regulations on group gatherings and social distancing practices at the national, state and/or local levels, and the corresponding confidence such measures would provide to consumers, group, corporate and government demand will most likely continue to suffer.
  • Across the U.S., airlines Tickets - net purchased continue a week:week downward trend from a mid-June climb. This is most likely reflective of a growing lack of consumer confidence in near term travel due to recent surges in cases across most of the country.

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Kalibri is a tech and data analytics firm advancing profitability for hotels. Built on the ProfitFirst™ Platform, Kalibri uses innovative AI models to help owners and operators acquire profitable revenue and improve cash flow, while providing the real estate community with market insight to support underwriting that leads to long-term asset value.