Equity Analysis /
United States of America

US : Hotels - Lodging | Lodging Monthly: U.S. RevPAR Down 51.0% in December; 4Q RevPAR -50.6%; FY20 RevPAR -47.5%

    Contributors
    Ronak Patel
    Alexander Sierra
    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    STR reported thatU.S. hotel RevPAR decreased 51.0% in the month of December(the year-ago comp was +2.6%), reflecting the 10th month of demand destruction caused by the COVID-19 pandemic; the calendar comparison should have been favorable based on the timing of holidays. Results were in-line with ST