In a sign that fall U.S. hotel performance will be slightly better than expected, the U.S. hotel industry posted its best performance in a month, according to the latest weekly data from STR, CoStar’s hospitality analytics firm.
U.S. hotel occupancy for the week ending Sept. 18 was at its highest level of the past four weeks, as half of all hotels sold 90% or more of the rooms that were sold during the same week in 2019. The weekly occupancy was 85.6% of the level achieved in the same week in 2019.
