Market Recovery Monitor - 30 July 2022
With the annual U.S. travel peak behind us, hotel demand and occupancy began to trend down—which is normal. For the week ending 30 July 2022 (week 31), however, the decrease in demand was much lower than in 2017, 2018 and 2019. In those years, demand fell by more than one million room nights week over week (WoW). This week, demand fell by only 316,000 room nights WoW, resulting in U.S. occupancy of 71.9%.