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VSPC COVID-19 Insights as of 3-31-20
- 1. Visit St. Pete/ Clearwater Covid – 19 Insights As of 3/31/2020
- 16. Visit St. Pete/ Clearwater Covid – 19 Insights As of 3/30/2020
- 33. Visit St. Pete/ Clearwater Covid – 19 Insights As of 3/27/2020
- 48. Visit St. Pete/ Clearwater Covid – 19 Insights As of 3/26/2020
Editor's Notes
- 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.
- John Hopkins Map 3/31/2020
- Key Data Dashboard St. Pete/ Clearwater Homeshare
- Key Data Dashboard St. Pete/ Clearwater Homeshare
- https://covid19.healthdata.org/projections
- https://covid19.healthdata.org/projections
- Hotel Transaction Data 3/27/2020 As the leading payment processor for the hospitality industry, Shift4 Payments is in a unique position to assess the economic impact COVID-19 is currently having on restaurants, bars, hotels and various other business types. Shift4 securely processes over 3.5 billion transactions annually for more than 200,000 businesses nationwide, representing over $200 billion in payments each year. This amount of transaction data is a powerful tool in assessing the impact of COVID-19 on business communities across the country. Data on the site for the last seven days shows that hospitality industry transactions are down significantly when compared to the week of February 2, with restaurant transactions down 74%, hotels down 86% and all other industries down 64%. While the impact has been felt across the country, the states leading the declines are California (91%), Pennsylvania (89%), Texas (89%) and New York (88%). Nationally, restaurant transactions declined from 42 million to 11 million during this time period, while hotel transactions declined from 144 million to 20 million. Nationwide and state-by-state data is available at Shift4Cares.com.
- Care Act Webinar US Travel 3/30/2020
- Oxford Economics 3/26/2020 Difference of 10% in early March, now down to 90% change in flight.
- Oxford Economics 3/26/2020 Change in travel spending How much spent per week Dropped to 7.7 billion, from 20 billion in the first week of March
- Oxford Economics 3/26/2020 Down 2/3 then what we would expect for March.
- Destination International 3/26/2020
- Destination International 3/26/2020
- Destination International 3/26/2020
- Destination International 3/26/2020
- Destination International 3/26/2020
- SPARKLOFT WEEKLY COVID-19 SENTIMENT REVIEW MARCH 23-27 This data covers the timeframe of January 1 to March 25: - Feb 25: The CDC warns of potential coronavirus outbreaks in the U.S. - Mar 11: Trump’s Europe travel ban is announced in the evening and flight cancellations begin - Mar 16: San Francisco is the first region to enforce stay-at-home measures and other states and regions soon follow
- SPARKLOFT WEEKLY COVID-19 SENTIMENT REVIEW MARCH 23-27
- Flight Tracker 24 3/27/2020
- Flight Tracker 24 3/27/2020
- Flight Tracker 24 3/27/2020
- An Updated 2020 Outlook Expectations for the Year Ahead - MARCH 24, 2020 CBRE Research The U.S. is about 2 weeks behind Italy and just progressing along the curve, having dropped to 53% occupancy the week ending March 14 and is more than likely decelerating quickly. The U.S. is probably a month or more from reaching the trough. We have plotted a potential recovery scenario using the path and duration of previous demand recovery times. Recovery will take longer from this event because of the interconnectivity of many countries and their reliance on each other for leisure and business demand.
- An Updated 2020 Outlook Expectations for the Year Ahead - MARCH 24, 2020 CBRE Research The expected declines in RevPAR will be worse than experienced in the 2001 and 2009 economic downturns combined. However, given the expected quick rebound in economic growth and historic resiliency of travel demand, we forecast a strong hotel revenue recovery in 2020 and 2021 and that RevPAR could recover to prerecession levels by 2022.
- An Updated 2020 Outlook Expectations for the Year Ahead - MARCH 24, 2020 CBRE Research The introduction of wide-spread and substantial government and central bank support policies is expected to help companies survive a difficult Q2 and drive the recovery from Q3 onwards. If containment efforts are successful and people are permitted to begin traveling again by Q3, we expect a swift recovery as the fundamental reasons for travel remain strong and consumers of travel have pent-up demand to leave the house. Our outlook shows that RevPAR will almost recover to 2019 levels by 2022, but not before losing nearly $100 billion in rooms revenue alone by 2022 based on pre-COVID-19 forecasts.
- Global Business Travel Association (GBTA) March 18-21, 2020. GBTA received responses from more than 1,155 member companies throughout the world.
- Global Business Travel Association (GBTA) March 18-21, 2020. GBTA received responses from more than 1,155 member companies throughout the world.
- Steepest decline in RevPAR ever recorded at STR, 30 year history
- Half a million cases in the world
- With Italy sub 3%, next week might not even be able to report US OCC still higher but in the acceleration state China at 22% as hotels re-open
- The week ending March 21st, almost align, roughly a 8 week lag Could be a wrong statement, the US occ is not falling as fast as china, not a federal lockdown in country, Still a lot of people traveling A lot not practicing social distancing, the uptick and rebound will take much longer as their so many people that could still get it If we want to flatten the curve and the hospitals to stay where they need it the us occ will need to continue to fall
- Total amount of rooms sold last week 11 million travelers and rooms occupied Could be infected and traveling because it takes the two weeks to bear out
- Never reported this before, could be some long term stay in the economy that might not change at all
- For first responders, or get converted to hospitals, Million beds, not suited to accommodate everyone Consider the implication for owner, team, and property
- Half a million reported cases globally