Average U.S. Hotel Occupancy

HOTELOCCUPANCY 2019Performancevs.2023ProjectionsbyState OxfordEconomicsAnalysis–February2023 InearlyApril2020,morethanthreequartersofU.S.hotelroomsstoodempty,accordingtoSTR.Nearlythreeyearslater,U.S.hoteloccupancyhasalmostrecoveredandisexpectedtocontinueitsupwardtrajectoryintheyearahead.AverageU.S.hoteloccupancyisprojectedtoreach63.8%in2023–justshyof2019’slevel(65.9%)andasignificantimprovementover2020’shistoricannuallow(43.9%).In2022,U.S.hotelsmadesignificantoccupancygains,reaching62.7%–a9%increaseover2021. HOTELOCCUPANCY STATE 2019OCCUPANCY PROJECTED2023OCCUPANCY %CHANGE2019vs.2023 NATIONWIDE 65.9% 63.8% -3.2% ALABAMA 63.0% 61.4% -2.5% ALASKA 66.9% 71.2% 6.4% ARIZONA 68.6% 67.9% -1.0% ARKANSAS 53.4% 54.1% 1.3% CALIFORNIA 74.9% 73.8% -1.5% COLORADO 67.8% 65.1% -4.0% CONNECTICUT 62.5% 62.0% -0.8% DELAWARE 60.1% 58.8% -2.2% DISTRICTOFCOLUMBIA 76.4% 68.7% -10.0% FLORIDA 72.0% 70.5% -2.1% GEORGIA 65.0% 62.4% -4.0% HAWAII 80.8% 78.7% -2.6% IDAHO 63.2% 62.1% -1.7% ILLINOIS 65.0% 61.1% -6.0% INDIANA 60.3% 58.5% -3.0% IOWA 55.5% 53.2% -4.1% KANSAS 56.1% 55.9% -0.3% KENTUCKY 58.9% 57.5% -2.4% LOUISIANA 61.4% 60.2% -1.9% MAINE 60.5% 63.6% 5.1% MARYLAND 64.4% 59.4% -7.8% MASSACHUSETTS 67.8% 64.8% -4.4% MICHIGAN 60.0% 57.2% -4.7% MINNESOTA 61.7% 58.0% -6.0% MISSISSIPPI 58.3% 56.9% -2.4% MISSOURI 59.0% 57.7% -2.2% MONTANA 58.5% 59.4% 1.5% NEBRASKA 57.8% 56.6% -2.1% NEVADA 69.9% 64.6% -7.6% NEWHAMPSHIRE 60.5% 62.9% 4.0% NEWJERSEY 66.4% 63.3% -4.7% NEWMEXICO 63.3% 61.8% -2.4% NEWYORK 73.8% 67.5% -8.5% NORTHCAROLINA 65.3% 62.2% -4.7% NORTHDAKOTA 55.0% 52.0% -5.4% OHIO 60.6% 58.4% -3.6% OKLAHOMA 56.1% 53.8% -4.1% OREGON 65.7% 61.9% -5.8% PENNSYLVANIA 62.6% 58.6% -6.4% RHODEISLAND 65.2% 63.9% -2.0% SOUTHCAROLINA 62.5% 62.3% -0.3% SOUTHDAKOTA 57.1% 57.9% 1.4% TENNESSEE 65.5% 64.3% -1.8% TEXAS 64.6% 63.5% -1.7% UTAH 63.2% 61.9% -2.0% VERMONT 61.9% 64.6% 4.4% VIRGINIA 64.1% 62.6% -2.3% WASHINGTON 68.4% 66.3% -3.1% WESTVIRGINIA 59.9% 55.7% -7.0% WISCONSIN 56.4% 54.2% -3.9% WYOMING 57.9% 58.4% 0.9% Source:OxfordEconomicsandSTR,©2023CoStarGroup