The signs of summer are here for the U.S. hotel industry, and some of the nation’s top urban markets are showing consistent evidence of recovery.
Increased group and business travel, graduations, and elevated leisure trips drove solid hotel performance during the week of May 15-21, and the industry is gaining momentum for the summer months of peak leisure demand.
Occupancy in the U.S. reached 68.6% for the week, which was the highest level since July 2021. To add some perspective, since the start of the pandemic, weekly occupancy has only surpassed 65% on 17 occasions with seven of the occurrences happening this year and the remainder seen last summer.
