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During the week of 16-22 October 2022, U.S. hotel occupancy was almost flat, dipping 0.4 percentage points (ppts) week over week (WoW) to 69.9%. That level was the seventh highest for this particular week since 2000 and 0.3ppts less than in 2019. The week-over-week slowdown is normal as performance for this specific week has only gone up four times in the past 23 years.

Radisson Hotel Group, one of the leading international hotel groups, has cemented its position in EMEA ranking third in total number of signed rooms in the first half (H1) of 2022.

U.S. hotel performance was affected by two significant demand-influencing events during 25 September to 1 October 2022—Rosh Hashanah and Hurricane Ian. The religious observance was mostly responsible for a fall in U.S. room demand, which was down 5.1% week on week (WoW) with the largest declines occurring on Monday and Tuesday.

U.S. hotel industry occupancy topped 70% for the week ending 24 September 2022—an eight-week high. Weekday (Monday-Wednesday) demand and occupancy improved with the measures increasing to the highest levels since the summer. The Top 25 Markets saw weekday occupancy reach 75.7%, which was the second-best level since the start of the pandemic and the highest non-summer mark.