U.S. performance
Hotel occupancy continued a seasonal rise, reaching 64.2% for the week ending 25 February. That level was up 2.2 percentage points (ppts) year over year (YoY). Room demand (24.9 million) was the highest ever for the week containing the Presidents’ Day holiday and the highest level of the year thus far, powered by week-on-week demand growth for each of the weekdays (Sunday-Thursday). Tuesday through Thursday occupancy was particularly strong at 64.6%, which was also the highest for those three days thus far in 2023.
