Cities with high exposure to business travel and group business travel continue to be most impacted with San Francisco -66%, Boston -64%, Washington -61% and New York -61%, whereas the average of the Top 25 markets are experiencing RevPAR of -33% vs 2019 in 2Q21. Group RevPAR is -49.5%.
Separately, five markets lead the post-COVID supply boom. New York has 22,000 rooms under construction with 8,500 coming on line 2H21. Atlanta, Dallas, Las Vegas, and Los Angeles have more than 5,000 rooms under construction with 50% coming on line 2H21.
