While Still Under Major Pressure, Hotel Occupancy Steadily Gaining Ground

By Jay Wittner June 12, 2020

U.S. hotels continue to suffer from the impacts of the Coronavirus along with the rest of the travel industry.  However, over the past nine weeks hotel occupancy has increased every week.  Data from STR indicates that occupancy levels have increased from about 22 percent nine weeks ago to about 39 percent in the most recent week.  While the industry is still facing significant cash flow issues, seeing occupancy levels almost double over the past nine weeks is a breath of fresh air.