US Hotel Occupancy

  • Some tiny green-shoots.
  • STR data for 26 April through 2 May 2020 showed slightly higher U.S. hotel occupancy compared with previous weeks.
  • The black line in the chart is 2009 – the worst year for hotels since the Great Depression.
  • “Week-to-week comparisons showed a third consecutive increase in room demand, which provides further hope that early-April was the performance bottom,”
  • TSA (Transport Security Administration) numbers have indeed ticked up and are at the highest level since March 30th.
  • At the same time, this past week was the first to show solid evidence of leisure demand as weekend occupancy grew in states that have significantly eased mitigation efforts.”
  • h/t Calculated Risk.
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