Connecticut Lodging Association
Coronavirus Update 4/6/2021
U.S. hotel profitability hits pandemic high
U.S. hotel gross operating profit per available room (GOPPAR) reached its highest absolute level since February 2020, according to STR‘s February 2021 monthly P&L data release. 

GOPPAR had come in no higher than US$12.69 for any month since the pandemic’s initial impact on industry performance last March. In addition to improved absolute levels in the profitability metrics, year-over-year comparisons were less steep. 

  • GOPPAR: US$17.35 (-83.3%)
  • TRevPAR: US$85.11 (-67.4%)
  • EBITDA PAR: US$0.14 (-99.8%)
  • LPAR (Labor Costs): US$34.26 (-60.2%) 

“Year-over-year percentage changes will turn positive in future P&L data releases due to comparison with pandemic low months last year,” said Raquel Ortiz, STR’s assistant director of financial performance. “Additionally, the industry’s top-line metrics have been trending at their highest levels in more than a year, as shown in our recent weekly data releases for March, and the uptick should extend to the bottom line as properties generate more room revenue while still maintaining operational efficiencies developed this last year. Roughly 50% occupancy is the still the general break-even point for turning a profit, but only 44% of properties reached positive GOP territory in February—the percentage was lower on a net income level. With most of the demand in the marketplace being leisure-driven, the major markets, most dependent on business and group demand, continue to struggle the most even with some improvement last month.” Read more.
AHLA SAFETY SUMMIT

Today’s safety concerns are critical to the future of the hotel industry. The 2021 Virtual Safety Summit is this year's can't-miss event to prepare and protect from what lies ahead. 


Engage with:
  • Prominent thought leaders with unique and timely insights
  • Subject matter experts focused on corporate and property level topics
  • Over 25 “roundtable” conversations with leading industry suppliers and service providers

Wednesday, April 14, 1:00 - 4:00 PM EDT
DCF Human Trafficking Prevention Course for Lodging
Join us Wednesday, April 14th for CLA's virtual training course on Human Trafficking Prevention from the CT Department of Children and Families. This course is open to all and any lodging employees. Please register each employee who will attend the course separately.

Please send any questions in advance to info@ctlodging.org, with subject line 4/14 HTP Question. Please submit any advance questions by noon, 1/12/21.

When: Wednesday, April 14, 2021 | 1:00 PM - 3:00 PM
STR: U.S. hotel results for week ending 27 March
U.S. weekly hotel occupancy fell one point from the previous week, according to STR‘s latest data through 27 March.
21-27 March 2021:

  • Occupancy: 57.9%
  • Average daily rate (ADR): US$108.31 
  • Revenue per available room (RevPAR): US$62.68

The 57.9% absolute occupancy was a 160.8% increase from the comparable, pandemic-affected week last year, but more importantly, represented more than 83% of occupancy regained from the 2019 benchmark. More than 21 million rooms were sold for the second week in a row, however, it was the first time in four weeks that the metric fell week over week, which is indicative of softening in the spring break demand that had boosted levels previously.
Paolino Public Affairs Consulting, Inc. Legislative Report - 4/1/21
This week was a busy and productive one in the legislature! Along with many public hearings and committee meetings, the Senate met on Tuesday to vote for final passage of a bill that ratifies Governor Ned Lamont’s pandemic declarations and extends his authority until May 20. This was passed in the House of Representatives last week, and in each chamber, the legislation passed along party lines. In the executive branch, Governor Lamont signed four bills into law yesterday, here is a link to view what he passed: BILL NOTIFICATION 2021-2 March 31, 2021. Currently, the next legislative session is set for the end of April, but an exact date has not been specified. As soon as we find out, we will let you know!
 
Most notably this week, was the COVID-19 vaccination expansion. Starting today, April 1, the COVID-19 vaccine is available to all Connecticut residents 16 years and older. “As we prepare to expand vaccine eligibility to the final group of adults on Thursday morning, there is going to be an initial rush of people who attempt to make appointments during the first couple of days, similar to what we experienced when we expanded to other age groups. I urge everyone to please be patient and check back as new appointments are being added every day. Thanks to the efforts of the Biden administration, the number of doses being delivered to Connecticut is significantly increasing each week, and I am confident that within this next month we will get the vaccine to everyone who wants it.” Governor Lamont stated. Currently, there are 513 individuals hospitalized due to COVID-19, and the state has a positivity rate of 3.74%.
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