January - September 2020 TMD Lodging Performance

Lodging metrics for TMD Hotels for January – September 2020:Occupancy: TMD hotels recorded an average occupancy rate of 46.8%, down -43.5% from the same time period last year (82.9%).ADR: TMD hotels saw an Average Daily Rate of $156.97, down -19.1% from the same time period last year ($194.02).RevPar: TMD hotels saw RevPAR reach $73.46, down -54.3% from the same time period last year ($160.78).Room nights sold (demand) decreased -48.3% to 4.17 million compared to the same time period last year (8.08m).Source: STR