Monthly occupancy rate of hotels in the U.S. 2020-2023

The occupancy rate of hotels in the United States was 66 percent as of September 2023. This shows a slight decrease 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.

What is hotel occupancy rate?

Hotel occupancy rate is a key performance indicator in the hotel industry. It shows the percentage of a hotel that is occupied, or in this case an average percentage of many hotels’ occupancy within a region. Other useful KPI’s that are used in the lodging industry are the average daily rate (ADR) and revenue per available room (RevPAR).

Monthly occupancy trends

The monthly occupancy trends in the U.S. are quite simple to spot. For example, the summer months (June to August) annually show a high occupancy rate. Summer is typically high season for hotels due to factors like good weather, longer days and school holidays. Winter occupancy rates reflect the low season, typically year-on-year the occupancy begins to decrease around October and spike around June. In 2022, the occupancy rate of the hotel industry in the U.S. was 62.7 percent.