U.S. hotel occupancy (62.2%) during the week of February 20-26 was the highest in the country since the end of October. Average daily rate (ADR) reached $143, which was the second highest level on record behind Christmas week in 2021. Overall, 11 STR-defined markets reached pandemic-era occupancy highs, nine of which were in Florida. Orlando, the nation’s second largest market based on supply, posted occupancy of 85.9%, which was its highest in two years.
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