Occupancy rate of the U.S. hotel industry 2001-2022

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.