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Weekly Global Hotel Performance Trends from STR: 16 – 22 April 2023

The U.S. hotel industry posted its second highest occupancy rate of the year at 67.2%. That level was just shy of the 2023 occupancy peak (67.5%), set during the week of 12-18 March. Occupancy jumped 3.0 percentage points (ppts) from the prior week (which included Easter Sunday) and 1.5 ppts year over year (YoY). Keep in mind, the matching week a year ago (17-23 April 2022) included Easter Sunday. Room demand (26.2 million room nights) was the highest for this specific week since daily reporting began in 2000, surpassing the previous record holder (2018) by more than 230,000 room nights.

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