The occupancy rate of hotels in the United States reached ** 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.
The occupancy rate of hotels in the United States reached **** 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).
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The occupancy rate of hotels in the United States reached ** 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.