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American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

Alternate Symbol(s):  AHOTF | T.HOT.UN

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company's primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.


TSX:HOT.DB.V - Post by User

Post by Jimmy713on Sep 23, 2021 11:56am
266 Views
Post# 33906979

U.S. hotel results for week ending 18 Sep

U.S. hotel results for week ending 18 Sep

HENDERSONVILLE, Tennessee—U.S. hotel occupancy reached a 4-week high, according to STR‘s latest data through 18 September.  

12-18 September 2021 (percentage change from comparable week in 2019*):

  • Occupancy: 63.0% (-11.6%)
  • Average daily rate (ADR): US$131.04 (-2.6%)
  • Revenue per available room (RevPAR): US$82.50 (-13.9%)    

The gain in occupancy was helped by weekly group demand eclipsing 1 million for the first time since the earliest days of the pandemic. More group demand created a lowering effect on ADR, as group rooms for upper-tier classes are typically priced lower than transient rooms.

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Among the Top 25 Markets, New Orleans recorded the largest 2021 vs. 2019 gains in both occupancy (+7.3% to 72.6%) and RevPAR (+18.2% to US$114.37).

Oahu Island experienced the steepest decline in occupancy when compared with 2019 (-43.9% to 49.6%).

Miami reported the largest ADR increase over 2019 (+22.5% to US$166.04).

The largest RevPAR deficits were in San Francisco/San Mateo (-65.5% to US$91.23) and Washington, D.C. (-53.1% to US$69.87).

*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.

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