Finance

US consumer comfort tumbles to lowest point since July as COVID-19 surge cuts further into recovery optimism

5 days ago   |   By Business Insider

Yichuan Cao/NurPhoto via Getty Images
The Bloomberg Consumer Comfort Index dropped 1.2 points to 43.2 in the week ended January 10 according to data released Thursday.
The reading marks the lowest level since July and extends a streak of declines into its eighth week.
A gauge tracking Americans' views of their finances slid to 55.9 from 58.1, its lowest since late May.
The gauge's downtrend comes after rioters violently stormed the Capitol, COVID-19 cases continued to surge, and Democrats' victories in Georgia runoffs won the party control of the Senate.
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U.S. Weekly Hotel Occupancy Fell Back Below the 40% Mark for Week Ending January 9th

U.S. Weekly Hotel Occupancy Fell Back Below the 40% Mark for Week Ending January 9th

5 days ago   |   By Hotel News Resource

U.S. hotel occupancy fell 28.3% to 37% during the week of 3-9 January 2021. ADR decreased by 27.1% to $87.97 and RevPAR dropped 47.7% to $32.59 for the week.
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Hotels: Occupancy Rate Declined 28.3% Year-over-year

Hotels: Occupancy Rate Declined 28.3% Year-over-year

5 days ago   |   By Calculated Risk

From HotelNewsNow.com: STR: US hotel results for week ending 9 January U.S. weekly hotel occupancy fell back below the 40% mark, according to STR‘s latest data through 9 January.
3-9 January 2021 (percentage change from comparable week in 2020):
• Occupancy: 37.0%
• Average daily rate : US$87.97
• Revenue per available room : US$32.59
The previous week's occupancy was lifted by New Year's travel. As that holiday travel dissipated, TSA checkpoint counts and hotel room demand each declined by roughly 1.3 million in a week-over-week comparison.
emphasis added The following graph shows the...
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Canadian Hotels Report 21.0 Percent Occupancy for Week Ending January 9th, 2021

5 days ago   |   By Hotel News Resource

The Canadian hotel industry reported occupancy fell 52% to 21% during the week of 3-9 January 2021. ADR dropped 24.7% to 106.23 Canadian dollars and RevPAR decreased 63.9% to CA$22.29 .
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