As we move into the period between spring and the post-Memorial Day summer kickoff, U.S. hotel industry occupancy showed an expected and modest decline of 1.4 percentage points (ppts) from the prior week. Performance remained strong relative to last year with occupancy of 65.2% growing 1.2 ppts from the matched week last year. Important to note:
- There was a Mother’s Day calendar shift making an easier comp to last year with Mother’s Day occurring one Sunday earlier in 2022. The opposite will occur in the next week of data.
- Historically, Mother’s Day and the preceding weekend produce slightly lower occupancy compared to the weekends before and after Mother’s Day.