Performance of Smaller, Economy Hotels Close to 2019 Levels

STR | May 3, 2021

By Isaac Collazo Small to midsized hotels, with fewer than 300 rooms, and hotels in the economy segment continue to lead the U.S. hotel industry recovery, with demand over the past six weeks reaching 90% or more of 2019 levels. Average occupancy at small to midsized hotels was 60% in the week of April 24, while demand for large hotels, with more than 300 rooms, was less than half of what it was in 2019. Demand at economy hotels was 99% of the level achieved during the same week in 2019, while upper-upscale hotel demand was just 44% of 2019 levels.     Overall, more than half of U.S. hotels (52%) had occupancy a...