Week Ended: 4/25 5/2 5/9 5/16 5/23 5/30 4/25 5/2 5/9 5/16 5/23 5/30 4/25 5/2 5/9 5/16 5/23 5/30

Total US -62.2 -58.5 -55.9 -54.1 -50.2 -43.2 -42.9 -44.0 -42.1 -42.4 -39.7 -33.3 -78.4 -76.8 -74.4 -73.6 -69.9 -62.1

Luxury -83.8 -81.0 -77.4 -74.6 -69.3 -62.3 -51.7 -51.8 -48.9 -48.2 -43.6 -33.7 -92.2 -90.8 -88.5 -86.8 -82.7 -75.0

Upper Upscale -83.9 -82.0 -80.1 -78.6 -75.1 -68.3 -41.9 -45.7 -43.9 -44.1 -39.4 -30.8 -90.7 -90.2 -88.8 -88.0 -84.9 -78.1

Upscale -72.9 -69.7 -67.5 -65.3 -61.3 -53.5 -31.4 -34.1 -34.0 -35.3 -33.4 -27.0 -81.4 -80.0 -78.6 -77.5 -74.2 -66.1

Upper Midscale -68.1 -64.0 -60.5 -58.0 -52.9 -45.7 -27.7 -29.0 -27.8 -28.8 -26.9 -22.1 -76.9 -74.5 -71.5 -70.1 -65.6 -57.7

Midscale -55.1 -49.9 -46.9 -46.0 -41.7 -36.0 -24.7 -24.9 -23.1 -23.9 -22.2 -19.2 -66.2 -62.4 -59.1 -58.9 -54.7 -48.3

Economy -38.0 -32.4 -28.8 -29.5 -26.8 -22.3 -25.0 -24.2 -22.7 -24.5 -23.4 -18.7 -53.5 -48.8 -45.0 -46.8 -43.9 -36.9

Segments (Luxury /

Upper Upscale)-83.9 -81.8 -79.5 -77.7 -73.8 -67.0 -45.9 -48.2 -45.7 -45.4 -40.6 -31.7 -91.3 -90.6 -88.9 -87.8 -84.4 -77.5

Transient -87.4 -82.4 -78.9 -74.7 -68.9 -61.8 -45.8 -47.9 -45.1 -45.8 -39.9 -30.6 -93.2 -90.8 -88.4 -86.3 -81.3 -73.5

Group -84.3 -87.3 -86.0 -87.8 -88.2 -84.9 -44.7 -49.4 -48.8 -47.6 -50.1 -41.3 -91.3 -93.6 -92.8 -93.6 -94.1 -91.1

Contract -28.1 -23.6 -35.0 -36.1 -37.0 -41.9 -18.7 -20.1 -17.1 -18.9 -22.8 -22.6 -41.5 -39.0 -46.1 -48.2 -51.3 -55.1

Urban -72.4 -70.1 -69.0 -67.7 -65.4 -58.4 -48.3 -52.8 -51.4 -54.1 -51.5 -44.1 -85.8 -85.9 -84.9 -85.2 -83.2 -76.7

Airport -67.1 -65.1 -63.1 -61.5 -59.1 -51.7 -36.0 -37.8 -37.1 -39.2 -37.3 -29.3 -78.9 -78.3 -76.8 -76.6 -74.3 -65.8

Destination Resort -83.1 -79.5 -77.1 -69.9 -62.9 -55.3 -52.1 -49.6 -44.9 -38.2 -32.3 -23.2 -91.9 -89.7 -87.4 -81.4 -74.9 -65.7

Convention -80.9 -78.9 -77.6 -75.2 -71.8 -65.6 -48.6 -51.3 -48.6 -48.6 -44.0 -35.5 -90.2 -89.7 -88.5 -87.2 -84.2 -77.8

Spa -79.1 -75.9 -73.8 -70.4 -65.2 -58.2 -52.0 -52.4 -49.0 -48.1 -43.7 -34.9 -90.0 -88.6 -86.6 -84.6 -80.4 -72.8

Boutique -80.8 -77.9 -75.0 -72.4 -67.2 -59.5 -49.6 -51.5 -48.9 -49.8 -45.4 -39.0 -90.4 -89.3 -87.2 -86.2 -82.1 -75.3

Source: STR

Week of May - 30 - Percent Change vs. Prior Year

Occ % Change ADR % Change RevPAR % Change

SubmarketWeekend

Occupancy %

Weekend

ADR

Weekend ADR Premium

over Weekday ADR

Panama City, FL 88.2% $225 $86.81

Naples, FL 43.9% $219 $85.90

Myrtle Beach/North, SC 74.8% $200 $82.15

Fort Walton Beach, FL 78.8% $212 $71.72

Mobile, AL (Area) 84.2% $185 $71.02

Week Ended:

Total US

(Luxury/Upper

Upscale)

Top 25 Markets

(Luxury/Upper

Upscale)

Difference

2/8 40.1% 42.8% -2.6%

2/15 46.5% 48.9% -2.4%

2/22 47.1% 48.2% -1.1%

2/29 44.3% 46.9% -2.6%

3/7 40.9% 42.2% -1.3%

3/14 33.5% 31.6% 1.9%

3/21 11.7% 9.4% 2.3%

3/28 5.3% 4.4% 0.9%

4/4 4.5% 3.9% 0.6%

4/11 4.3% 3.6% 0.6%

4/18 5.1% 4.2% 0.9%

4/25 6.1% 5.1% 1.0%

5/2 7.9% 6.5% 1.4%

5/9 9.7% 8.0% 1.8%

5/16 11.8% 9.3% 2.5%

5/23 15.2% 11.7% 3.5%

5/30 17.8% 13.9% 3.9%

Transient Occupancy % for the Previous 17 Weeks

2019

Actual CBRE STR PwC HVS hAVE CBRE STR PwC HVS

Occupancy 66.1% 41.0% 35.8% 38.7% 43.1% 35.1% 55.9% 52.1% 58.1% 59.7%

% Change 0.0% -38.0% -45.8% -41.4% -34.7% -46.9% 36.3% 45.5% 49.9% 38.5%

ADR $131.20 $101.67 $102.83 $105.02 $111.61 $107.91 $110.69 $104.58 $116.18 $117.45

% Change 1.0% -22.5% -21.6% -19.9% -14.9% -17.5% 8.9% 1.7% 10.6% 5.2%

RevPAR $86.73 $41.67 $36.84 $40.66 $48.15 $37.88 $61.83 $54.53 $67.44 $70.17

% Change 0.9% -51.9% -57.5% -53.1% -44.5% -56.2% 48.4% 48.0% 65.9% 45.7%

Sources: hotelAVE (3/18), CBRE (5/14), STR/Tourism Economics (5/18), PwC (5/30), HVS (4/10)

United States Forecast - 2020 to 2021

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