Home Tags June 2020

Tag: June 2020

STR: Full-Service Hotels Break Even With 50 Percent Occupancy in June

Among top markets, Tampa/St. Petersburg, Fla., recorded the highest TrevPAR and GOPPAR levels in June 2020.
BROOMFIELD, Colo. — STR's latest monthly P&L data release shows U.S. hotel gross operating profit per available room (GOPPAR) declined 105.4 percent in June 2020. That year-over-year (YOY) percentage change showed continued improvement from April (down 116.9 percent YOY) and May (down 110.1 percent YOY). Additionally, some full-service properties broke even with occupancy at 50 percent, one month after...

HotStats: Global Hotel Performance Struggles in June

Global COVID-19 pandemic — June 2020
LONDON — As the second quarter of 2020 closed, global regions continued to struggle with the effects of the coronavirus pandemic, with some areas jumping the gun on reopening and concern over further spikes threatening to thwart the hotel industry’s ability to get back to some semblance of normalcy, according to HotStats' report on June 2020 global hotel performance. United...

Baird/STR Hotel Stock Index Fell 5.3 Percent in June

Coronavirus / COVID-19
HENDERSONVILLE, Tenn., and Milwaukee — The Baird/STR Hotel Stock Index fell 5.3 percent in June 2020 to a level of 3,060. Year to date through the first six months of 2020, the stock index was down 41.9 percent. “Hotel stocks were volatile in June as the broader reopening trade continued into the early part of the month; the Hotel Brand...