Market Recovery Monitor - 31 December 2022
U.S. hotel occupancy for the last week of 2022 reached 54.2%, which was the fourth highest level recorded for the comparable week over the past 23 years. Only the last weeks of 2016 (54.9%), 2015 (54.8%), and 2021 (54.3%) were higher. This year’s room demand, however, was the highest ever for the week. As compared to the three other years that matched exactly with the day of the week for Christmas and New Year’s Eve, this year’s occupancy was the second highest. Nominal average daily rate (ADR) reached an all-time high, surpassing the previous record that was set a year ago and increasin...
Source: hospitalitynet.org