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Lodging Sector Update
Demand growth in the U.S. has slowed over the past two months, but the country finally hit the 50% occupancy mark during the week of August 9-15. At the same time, China’s recovery continues, and Europe showed another week of improved occupancy thanks in large part to demand in leisure destinations around the continent.
STR introduced total-room-inventory (TRI) methodology in response to global hotel closures caused by COVID-19. Different from STR Standard methodology, which removes closed properties from the metrics, Total Room Inventory offers a different view of performance through the inclusion of all properties in the marketplace regardless of operational status. The chart below outlines U.S. class-level occupancy through each methodology in July 2020.
 
 
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