The good news for the U.S. hotel industry continued as occupancy advanced to 62.2% during the week of 20-26 February 2022, up from 59.1% in the previous week. Room demand (23.9 million) and occupancy were the highest since the end of October. While weekend occupancy (70.6%) came down from its Presidents’ Day weekend level (73.7%), weekday (Sunday-Thursday) occupancy increased to 58.8% from 53.2% one week prior. While there is no doubt that weekday occupancy was supported by the Presidents’ Day holiday (Sunday & Monday), that’s not the full story as occupancy was even stronger Tuesday through Thursday at 61%.
