North America’s Business Revolution

North America

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Leisure travel demand continues to drive U.S. hotel performance and it isn’t expected to drop off anytime soon.

How to Succeed in the World’s Next Big Growth Market

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In May, U.S. hotels hit average daily occupancy rates of 59.3 percent, their highest since February of 2020, right before the pandemic hit. Revenue per available room, at $69.81, was also a milestone. U.S. restaurant sales continue to trend up, too, but still were 3 percent below pre-pandemic levels in May.

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In Canada, Now that restrictions are starting to ease up, and with the government constantly adjusting its response to the fluctuating pandemic situation, there is a significant increase in confidence amongst Canadians. , hotel occupancy remained depressed at 28.1 percent in May—significantly better than 2020 levels, but well below the pre-pandemic levels of 2019.

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