(Reuters) - The U.S. hotel industry's occupancy rates have more than doubled from historic lows of just over 20% in April, with "drive-to" locations bouncing back faster than urban and airport stays, data analytics firm STR said in a report. The numbers from STR, whose data is widely used in the industry, showed urban hotels are still struggling with the collapse in business travel and city stays triggered by coronavirus lockdowns instituted in March. However, occupancy at freeway locations or those in small towns and suburban locations was between 44% and 46% for the week ended June 13, and with airlines beginning to fly more regularly, airport hotel rates reached 39%. Overall, U.S. industry occupancy was 41.7%, down from about 74% a year ago but higher than the 21% in April.
Source: International New York Times June 18, 2020 20:15 UTC