Kalibri Labs Industry Health Dashboard Updated - 11/24/20
- Total U.S. Hotel Demand across all rate categories has dipped through the beginning of November. Increases in cases across the country and corresponding impact on both consumer/traveler confidence and tangible social/travel restrictions will continue to temper demand. Stating the obvious, there is direct inverse relationship between case growth/spread and travel/economic activity.
- Airline Tickets - Net Purchased reflect some gains in the most recent week for some markets. This is most likely due to holiday season demand. However, across most major markets growth remains flat to negative relative to end of Q2 2020.
- Organic Search Traffic for selected major travel sites remains flat.
- Hotel closures remain flat.
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About Kalibri Labs
Kalibri Labs evaluates and forecasts revenue and cost of acquisition performance in the digital marketplace. Our next-generation HummingbirdPXM platform is the only hotel benchmarking and reporting solution driven by AI and machine learning. HummingbirdPXM is built on a robust database of daily transactions and cost of acquisition data gathered weekly from almost 35,000 hotels. Using advanced algorithms, the platform enables owners and operators to determine a hotel's optimal business mix and manage resources to achieve it. Kalibri Labs unpacks the composition of RevPAR to describe market demand by rate category and channel assisting hotel owners and operators to develop strategies that improve profit contribution, which leads to higher asset values. Tapped regularly by the real estate and investment community, the Kalibri Labs database supports hotel transactions and financial restructuring by brokers, lenders, appraisers, and financial consultants. For more information, visit www.kalibrilabs.com.