Adara
Graph shows March to summer, searches able to track in the system, how does this compare to similar searches to last year
Adara
From last week see a over 50% year over year demand decrease
Adara
Still down 25% down at end of summer, but a gentile optimism that the end of summer might see some increase.
Oxford economics Adam Sacks update 4/2/2020
Oxford economics Adam Sacks update 4/2/2020
Oxford economics Adam Sacks update 4/2/2020
Oxford economics Adam Sacks update 4/2/2020
Jobs highest risk in travel industry
Unemployment to surge to 12%
All depends on duration
Given trajectory should be in double digits within a month or two
Oxford economics Adam Sacks update 4/2/2020
Hourly cut in half in the last week or two,
The amount of hours is over 50%
Oxford economics Adam Sacks update 4/2/2020
53% of households do not have any emergency savings
About 2/3 don’t have any EF faced with a troubling time and will be applying for the unemployment
Shows the importance to supply massive stimulus
Oxford economics Adam Sacks update 4/2/2020
Oxford economics Adam Sacks update 4/2/2020
The elements going to make the big difference, house payments, company loans and grants
More to come
Oxford economics Adam Sacks update 4/2/2020
Oxford economics Adam Sacks update 4/2/2020
Add that all up, we have already topped that all together with the CARES act, and there are more to come, policy makers are taking this serious and warrants how serious this is, the current projections 400 billion dollars hit this year
Oxford economics Adam Sacks update 4/2/2020
Move into the summer months
Hopefully loosening of restrictions and movement of some travel
Still down but it is something
Overall, STR show 50% of room decline y/y
Next year 80% increase
Oxford economics Adam Sacks update 4/2/2020
Expect a huge rebound in 2021
Oxford economics Adam Sacks update 4/2/2020
Annual occ and ADR
ADR will be stickier and take longer to claim into 2022
Oxford economics Adam Sacks update 4/2/2020
GDP and consumer demand, investment activity, and international trade, growth in 2021 is going to be remarkable, not unusual
Shorter length stays and shorter length of stay are the first to come
Reflects a travelers aversion to risk
Will see those come back first and gradually extend
Oxford economics Adam Sacks update 4/2/2020
New webinar
When you don’t flatten the curve, exacerbates the mortality rate and puts stress on the health system
Working within the limits of the system, units of bed and intensive cares, then you see the other problems
What to flatten the recession curve by doing massive stimulus
Oxford economics Adam Sacks update 4/2/2020
Are is the great recession, cant compare but
Oxford economics Adam Sacks update 4/2/2020
In a recession now
Pattern holds
Asia europe occupancy driven
United states in the sharp delcinein demannd and occ
Lack of sharp occupancy decline,
A lot more is us and lack of federal lockdown in the us, is going to take much longer and state by state cases
Who is still traveling?
Trucker on highway, people self quarantine away from family
Healthcare workers staying close to hospital not want to effect household
Look at 2007 and the 2008 financial crisis
Took 6 years not thinking about inflation
So about 7 years
Not a V shaped recovery
Destination International Webinar 4/1/2020
Industry Update
Destination International Webinar 4/1/2020
Industry Update
Destination International Webinar 4/1/2020
Industry Update
Destination International Webinar 4/1/2020
Industry Update
Destination International Webinar 4/1/2020
Industry Update
Destination International Webinar 4/1/2020
Industry Update
STR Weekly Pinellas through March 28th
Occupancy
STR Weekly Pinellas through March 28th
ADR
STR Total US occupancy through 3/28/2020
Tampa Times Tracker
Kinsa Health data Pinellas
Pole from Travel’s Path forward webinar 3/31/2020
Pole from Travel’s Path forward webinar 3/31/2020
DA wave 3 sentiment study 3/25- 3/27
DA wave 3 sentiment study 3/25- 3/27
DA wave 3 sentiment study 3/25- 3/27
DA wave 3 sentiment study 3/25- 3/27
DA wave 3 sentiment study 3/25- 3/27
DA wave 3 sentiment study 3/25- 3/27
DA wave 3 sentiment study 3/25- 3/27
DA wave 3 sentiment study 3/25- 3/27
DA wave 3 sentiment study 3/25- 3/27
DA wave 3 sentiment study 3/25- 3/27
STR’s latest monthly data (February) showed 55,734 hotels and 5,341,586 rooms in the U.S. Property closures are expected to lead to a 14.9% decline in room nights available for the year.
“Travel has come to a virtual standstill, but we expect the market to begin to regain its footing this summer,” said Adam Sacks, president of Tourism Economics. “Once travel resumes, the combination of pent-up travel demand and federal aid will help fuel the recovery as we move into the latter part of this year and next year.”
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com.