U.S. Lodging Industry Overview

The first six months of 2022 have shown the resilience of the U.S. hotel market as a whole but display nuanced performance on regional and local levels. Compared to the first half of 2021, U.S. demand increased over 18%, representing almost 100 million more occupied rooms, while the average room rate improved by 14.8%. Because of the higher room rates, even with the lower volume of occupied rooms compared to pre-pandemic levels, national revenue per available room (RevPAR) is at a record high, exceeding the number seen in mid-year 2019.

Click here to view the full report published by Cushman & Wakefield.