The global hotel occupancy rate was 68 percent in May 2024, showing a one percent increase over the previous year. Meanwhile, the lower occupancy rates in 2020 and 2021 were due to the impact of the coronavirus (COVID-19) pandemic on the hotel industry.

In fiscal year 2024, the occupancy rate of hotels in India was estimated to be 70 percent, a rise from about 66 percent in last year. In the recent years, the decline came in the wake of the coronavirus (COVID-19) pandemic. However, it is slowly bouncing back to pre-pandemic rate.

Mumbai – a city that never sleeps   Mumbai, the capital of Maharashtra, witnessed a slow-paced growth in the hotel industry in recent years mainly due to the changes in real estate policies and exorbitant land prices. Despite this, the financial and entertainment capital of India outpaced all other major markets in the country by achieving the highest occupancy rate and revenue per available room in 2020. With the availability of international convention centers like the Jio World Centre located in the heart of commercial district of Bandra-Kurla Complex, Mumbai was the preferred business location in the country. In 2021, it still had the highest occupancy rate and revenue per available room rate, but at a much lower level.

Leading hotel company
In 2019, the Indian Hotels Company Limited stood out as India’s largest hospitality company by net sales. One of the first hotels opened by this company was the Taj Mahal hotel located in Mumbai. Opened almost a century ago, the Taj Mahal hotel has hosted some of the most illustrious guest from all over the world. Ever since the hotel has held on to the legacy of providing warm hospitality and world-class facilities. Well known for its grandeur, the Taj remains a hallmark of Indian hospitality year after year.

The occupancy rate of hotels in the United States reached 67 percent in October 2024. This shows a slight increase when compared to the previous year. The low occupancy rate during 2020 was due to the impact of the coronavirus (COVID-19) pandemic on the hotel industry.

Ireland - Net occupancy rate in hotels and similar accommodations: Bedrooms was 76.00% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Ireland - Net occupancy rate in hotels and similar accommodations: Bedrooms - last updated from the EUROSTAT on March of 2025. Historically, Ireland - Net occupancy rate in hotels and similar accommodations: Bedrooms reached a record high of 76.00% in December of 2023 and a record low of 17.00% in December of 2021.

Portugal - Net occupancy rate in hotels and similar accommodations: Bedrooms was 42.50% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Net occupancy rate in hotels and similar accommodations: Bedrooms - last updated from the EUROSTAT on March of 2025. Historically, Portugal - Net occupancy rate in hotels and similar accommodations: Bedrooms reached a record high of 79.50% in August of 2022 and a record low of 8.30% in April of 2020.

Denmark - Net occupancy rate in hotels and similar accommodations: Bedplaces was 36.00% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Denmark - Net occupancy rate in hotels and similar accommodations: Bedplaces - last updated from the EUROSTAT on March of 2025. Historically, Denmark - Net occupancy rate in hotels and similar accommodations: Bedplaces reached a record high of 72.10% in July of 2000 and a record low of 3.00% in April of 2020.

Hungary - Net occupancy rate in hotels and similar accommodations: Bedplaces was 36.60% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Net occupancy rate in hotels and similar accommodations: Bedplaces - last updated from the EUROSTAT on March of 2025. Historically, Hungary - Net occupancy rate in hotels and similar accommodations: Bedplaces reached a record high of 57.90% in August of 2019 and a record low of 2.70% in April of 2020.

The occupancy rate of hotels in the United States reached 62.7 percent in 2022. This shows growth over the previous two years which were impacted by the coronavirus (COVID-19) pandemic.

What is occupancy rate?

Occupancy rate is a key performance indicator of the hospitality industry. It is calculated by the number of occupied rooms divided by the number of available rooms that are available in a hotel. Other useful KPI’s that are used in the lodging industry are the average daily rate (ADR) and revenue per available room (RevPAR).

Coronavirus impact on the U.S. hotel industry

The COVID-19 pandemic caused unprecedented challenges to the hotel industry across the globe. In the United States, this can be seen in the significant decreases in the industry’s key performance metrics. For one, the occupancy rate of hotels in the U.S. reflected its lowest figures since the 2008 global recession. Consequently, the average daily rate (ADR) and revenue per available room also fell dramatically in 2020.

Romania - Net occupancy rate in hotels and similar accommodations: Bedrooms was 28.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Net occupancy rate in hotels and similar accommodations: Bedrooms - last updated from the EUROSTAT on March of 2025. Historically, Romania - Net occupancy rate in hotels and similar accommodations: Bedrooms reached a record high of 58.70% in August of 2015 and a record low of 11.40% in April of 2020.

Average Occupancy Hotel Rate: City: Shimla data was reported at 69.500 % in 2017. This records an increase from the previous number of 58.600 % for 2016. Average Occupancy Hotel Rate: City: Shimla data is updated yearly, averaging 48.100 % from Mar 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 69.500 % in 2017 and a record low of 28.400 % in 2000. Average Occupancy Hotel Rate: City: Shimla data remains active status in CEIC and is reported by The Federation of Hotel & Restaurant Associations of India. The data is categorized under Global Database’s India – Table IN.QG005: Memo Items: Indian Hotel Industry Survey (IHIS): Average Hotel Occupancy Rate.

Average Occupancy Hotel Rate: City: Kullu Manali data was reported at 50.900 % in 2009. This records an increase from the previous number of 48.100 % for 2008. Average Occupancy Hotel Rate: City: Kullu Manali data is updated yearly, averaging 45.650 % from Mar 1999 (Median) to 2009, with 10 observations. The data reached an all-time high of 50.900 % in 2009 and a record low of 33.300 % in 2000. Average Occupancy Hotel Rate: City: Kullu Manali data remains active status in CEIC and is reported by The Federation of Hotel & Restaurant Associations of India. The data is categorized under Global Database’s India – Table IN.QG005: Memo Items: Indian Hotel Industry Survey (IHIS): Average Hotel Occupancy Rate.

In January 2025, the hotel occupancy rate of all surveyed Hong Kong hotels ranged at around 89 percent. The average hotel occupancy in Hong Kong had been severely hit by the COVID-19 pandemic in previous years and has been gradually recovering since 2023. Visitor arrivals in Hong Kong Being the premier travel spot in Asia, Hong Kong is known for its thriving nightlife and being a shopping heaven. It had a tough time during the pandemic, with the monthly number of visitor arrivals in Hong Kong falling off a cliff from around 3.2 million in 2019 to fewer than ten thousand in 2021. This resulted in a plummeting annual hotel occupancy rate. The situation improved after Beijing adopted a more flexible stance on Covid-19 regulations in December 2022, prompting Hong Kong to lift remaining travel restrictions. Reviving Hong Kong’s tourism Affected by various factors, such as the global economy and aircraft capacity, a return to pre-pandemic visitor numbers remains a challenging goal. The aviation sector was projected to recover by the end of 2024, earlier than initially anticipated, yet a labor shortage still persists. Many individuals who were laid off during the pandemic are hesitant to re-enter the industry workforce. In an effort to rejuvenate the tourism sector, the government introduced several strategic campaigns with an emphasis on the night economy, trying to open up residents’ wallets. HKTB has also been diversifying tourism products, including promoting local neighborhoods to visitors seeking immersive cultural experiences and unveiling the Hong Kong Citywalk Guide in partnership with the social media platform Xiaohongshu.

Austria - Net occupancy rate in hotels and similar accommodations: Bedplaces was 48.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Austria - Net occupancy rate in hotels and similar accommodations: Bedplaces - last updated from the EUROSTAT on March of 2025. Historically, Austria - Net occupancy rate in hotels and similar accommodations: Bedplaces reached a record high of 69.80% in February of 2020 and a record low of 0.90% in April of 2020.

Average Occupancy Hotel Rate: City: Goa data was reported at 66.700 % in 2017. This records a decrease from the previous number of 69.300 % for 2016. Average Occupancy Hotel Rate: City: Goa data is updated yearly, averaging 65.300 % from Mar 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 71.300 % in 2007 and a record low of 49.600 % in 2000. Average Occupancy Hotel Rate: City: Goa data remains active status in CEIC and is reported by The Federation of Hotel & Restaurant Associations of India. The data is categorized under Global Database’s India – Table IN.QHC003: Indian Hotel Industry Survey: Average Hotel Occupancy Rate: by Cities.

As a consequence of the current corona crisis, the occupancy of hotels in the Nordic capitals decreased significantly in 2020. April was the worst month for all capitals. Hotels in Reykjavik and Helsinki suffered particularly, with occupancy rates at 1.3 percent and 2.6 percent each. As of June and August, the occupancy rates increased, but was still low compared to before the crisis. By the end of the year, the occupancy rate declined again, with hotels in Reykjavik reporting an occupancy rate as low as four percent.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Belgium - Net occupancy rate in hotels and similar accommodations: Bedplaces was 39.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Belgium - Net occupancy rate in hotels and similar accommodations: Bedplaces - last updated from the EUROSTAT on March of 2025. Historically, Belgium - Net occupancy rate in hotels and similar accommodations: Bedplaces reached a record high of 53.77% in August of 2015 and a record low of 4.96% in April of 2020.

Cyprus - Net occupancy rate in hotels and similar accommodations: Bedplaces was 34.80% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Net occupancy rate in hotels and similar accommodations: Bedplaces - last updated from the EUROSTAT on March of 2025. Historically, Cyprus - Net occupancy rate in hotels and similar accommodations: Bedplaces reached a record high of 101.80% in August of 2017 and a record low of 6.00% in February of 2021.

India IHIS: Average Hotel Occupancy Rate: Monthly: Five-Star Deluxe: May data was reported at 59.500 % in 2018. This records a decrease from the previous number of 70.100 % for 2017. India IHIS: Average Hotel Occupancy Rate: Monthly: Five-Star Deluxe: May data is updated yearly, averaging 60.000 % from Mar 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 71.600 % in 2007 and a record low of 45.300 % in 2000. India IHIS: Average Hotel Occupancy Rate: Monthly: Five-Star Deluxe: May data remains active status in CEIC and is reported by Federation of Hotel & Restaurant Associations of India. The data is categorized under India Premium Database’s Hotel Sector – Table IN.QHC004: Indian Hotel Industry Survey: Average Hotel Occupancy Rate: Monthly.

Netherlands - Net occupancy rate in hotels and similar accommodations: Bedplaces was 45.40% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - Net occupancy rate in hotels and similar accommodations: Bedplaces - last updated from the EUROSTAT on March of 2025. Historically, Netherlands - Net occupancy rate in hotels and similar accommodations: Bedplaces reached a record high of 66.00% in August of 2024 and a record low of 6.00% in April of 2020.

Mexico Occupancy Rate: Avg: Tourist Center: Cabo San Lucas data was reported at 88.320 % in 31 Mar 2024. This records an increase from the previous number of 81.980 % for 24 Mar 2024. Mexico Occupancy Rate: Avg: Tourist Center: Cabo San Lucas data is updated weekly, averaging 72.290 % from Jan 2004 (Median) to 31 Mar 2024, with 1022 observations. The data reached an all-time high of 91.920 % in 26 Feb 2006 and a record low of 0.260 % in 03 May 2020. Mexico Occupancy Rate: Avg: Tourist Center: Cabo San Lucas data remains active status in CEIC and is reported by Secretary of Tourism. The data is categorized under Global Database’s Mexico – Table MX.Q022: Hotel Occupancy Rate: by Tourist Center. [COVID-19-IMPACT]