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Bullboard - Stock Discussion Forum 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... see more

TSX:HOT.DB.V - Post Discussion

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Post by Jimmy713 on Sep 23, 2021 11:56am

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.

-

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.

Comment by nedstar71 on Sep 24, 2021 2:34pm
Is this the reason for the solid gains this week? Looking good!
Comment by navajojoe on Sep 26, 2021 6:16pm
This post has been removed in accordance with Community Policy
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