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Briefs: GFI Capital completes Beekman refi; Dalata launches in Continental Europe
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Hawaii hotels: December revenue, daily rate, and occupancy declined substantially
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Host Hotels & Resorts (HST) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
Host Hotels & Resorts (NASDAQ: HST)
Q1 2021 Earnings Call
Good day, everyone, and welcome to the Host Hotels & Resorts first-quarter 2021 earnings conference call. Today s conference is being recorded. At this time, I d like to turn the call over to Tejal Engman, senior vice president of investor relations. Please go ahead.
Tejal Engman
Senior Vice President of Investor Relations
Thank you, and good morning everyone. Before we begin, please note that many of the comments made today are considered to be forward-looking statements under federal securities laws. As described in our filings with the SEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ from those expressed, and we are not obligated to publicly update or revise these forward-looking state
Operator
Greetings and welcome to Chatham Lodging Trust s Fourth Quarter 2020 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Chris Daly, owner of Daly Gray, Inc. Thank you. You may begin.
Chris Daly
Investor Relations, DG Public Relations
Thank you, Doug. Good afternoon everyone and welcome to the Chatham Lodging Trust fourth quarter 2020 results conference call.
Please note that many of our comments today are considered forward-looking statements as defined by federal securities laws. These statements are subject to risks and uncertainties both known and unknown as described in our most recent Form 10-K and other SEC filings. All information in this call is as of February 24, 2021, unless otherwise noted, and the company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the company s expectation.
London Short-Term Rentals End 2020 On Low Note
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LONDON - London s short-term rental sector reported its lowest levels in occupancy and revenue per available room (RevPAR) since the summer, according to December 2020 data from STR. Advertisements
December occupancy for the sector was 52.1%, a decrease of 11.5% from November (58.8%) and London s lowest level in the metric since August. The December absolute level, however, was significantly higher than the 22.3% occupancy level for hotels in the market.
December RevPAR for the short-term rentals fell 7.9% month over month to GBP49.61, which was London s lowest level in the metric since June. London hotels, on the other hand, saw a month-over-month increase in the metric (+19.6% to GBP19.38).
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