![]() This report features several cuts of U.S. Understanding the composition of hotel revenue is essential to building the plans for recovery.” This Special Report contributes to our objective to enable better informed decision making for all sectors of hospitality. ![]() Lower Tier Extended Stay Hotels specifically drove the Extended Stay resiliency at a -30% March 2020 year-over-year Guest Paid Revenue compared to -48% for Upper Tier Extended Stay Hotels and -54% for All Non-Extended Stay Hotels.Ĭindy Estis Green, Kalibri Labs CEO comments, “in this difficult period facing the hotel industry, we are pleased that the insights driven by the Kalibri Labs unique database can provide visibility into critical factors such as length of stay and rate categories. during the first full month of COVID-19’s impact, March 2020, which is the only month in the last 5 years that this has occurred. Business mix plays a significant role as a driver of performance, with pronounced differences in COVID-19’s impact by hotel category, length of stay, and rate category.Įxtended Stay Hotel Guest Paid RevPAR performed 14.4% better than the Non-Extended Stay Hotels in the Total U.S. The report specifically illustrates the distinctions between the Extended Stay Hotel category and the traditional hotel model as well as delves into Upper Tier and Lower Tier Extended Stay Hotel performance. hotel performance using unique length of stay and rate category metrics for March 2020, the first month of the COVID-19 pandemic, with comparisons to Full Year 2019. Kalibri Labs has released a Special Report evaluating U.S. Extended Stay America - New York City - LaGuardia Airport
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