This analysis is current as of June 13th, 2020. The hotel market has experienced a continued rebound from the bottom week of April 5-11. Occupancy has increased by 2.3% per week, on average, since. Occupancy surpassed 40% last week, which is ~20 percentage point change since the lowest week when national occupancy hit 21%.
Average daily rate increased by more than $4, the largest weekly increase since the pandemic began.
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