STR reports US Hotel occupancy is above 40% for the first time in about 3 months, for the week ending June 13. For context, it took us 5 weeks to gain 10%pts in occupancy, we broke 30% on the week ending May 9.
The lowest point was back on April 11, where we closed the week at 22%. In those 5 weeks, the new Covid-19 case count has remained relatively flat; meaning that we have not seen a significant decrease in new COVID cases (7-day average) being reported.
Originally in LinkedIn, join the conversation below: