In Central and South America, hotel occupancy declined 73% to 15.3% in May. ADR dropped 34.3% to $54.17 and RevPAR fell 82.2% to $8.31.
Hotels in the Middle East reported occupancy decreased 31% to 36% in May as ADR fell 45.6% to $87.84 and RevPAR dropped 62.5% to $31.59. In Africa, hotel occupancy declined 72.1% to 14.2%, ADR fell 26.6% to $70.09 and RevPAR decreased 79.5% to $9.97.
U.S. hotel occupancy fell 41.8% to 43.9% during the week of 14-20 June as ADR declined 31.7% to $92.20 and RevPAR dropped 60.3% to $40.48.
Canadian hotel occupancy fell 66.1% to 25.6% during the week of 14-20 June as ADR decreased 39% to 110.70 Canadian dollars ($81.18) and RevPAR dropped 79.3% to CA$28.33 ($20.78).
STRs latest monthly P&L data release shows U.S. hotel gross operating profit per available room down 110.1% in May. That percentage change was a slight improvement from Aprils decline of 116.9%. Additionally, limited-service properties showed positive profitability on average when surpassing 45% occupancy.
Positive data points, from rising retail sales to housing starts, point to good news for the economy, which is facing a potential deep, but short recession.
Domestic Trips Gain Traction, With Slower Growth for International Trips
Hotel occupancy fell 47.3% to 35.8% in the Asia/Pacific region in May. ADR dropped 40.2% to $55.93 and RevPAR decreased 68.5% to $20.04 for the month.
Europe's hotel occupancy decreased 82.3% to 13.3% in May, according to STR. ADR fell 33.7% to 77.56 ($87.50) and RevPAR declined 88.3% to 10.30 ($11.62).
During the three years preceding the onset of the COVID-19 pandemic, Las Vegas had entered a cycle of new development after the prolonged recovery from the 2008 Great Recession. The ongoing construction of major demand generators throughout the closure period is important to the eventual recovery of the Las Vegas market. This article summarizes the available information regarding the status of major tourism-related projects in the Las Vegas market.