Summer surge Starts Early for U.S. Hotels

STR recent weekly report is showing positive signs towards recovery for the U.S. hotel industry. Alternatively enough, the gas shortage crisis did not negatively impact the industry as most statistics remained the same or better than the week prior. 73.6% of U.S. hotel rooms were occupied across the United States this past weekend, which was the highest rooms of occupancy since Valentine's day of 2020. Also the second highest occupancy mark in 62 weeks. Another positive sign was the rise in Average Daily Rate (ADR) the total number has increased to $114.00.