January - May 2020 TMD Lodging Performance

Lodging metrics for TMD Hotels for January – May 2020:Occupancy: TMD hotels recorded an average occupancy rate of 51.5%, down -36% from the same time period last year (80.4%).ADR: TMD hotels saw an Average Daily Rate of $170.61, down -10.4% from the same time period last year ($190.37).RevPar: TMD hotels saw RevPAR reach $87.83, down -42.6% from the same time period last year ($153.11).Room nights sold (demand) decreased -39.8% to 2.61 million compared to the same time period last year (4.33m).Source: STR