Hotel market researchers STR have predicted as of the end of 2020 that US hotel demand could recover to end-of-2019 levels in mid-to-late 2022.

But RevPAR (based on total room inventory, which assumes no temporary hotel closures) may not recover to end-of-2019 levels until some time in 2024.

At the end of last week, US hotel occupancy was 40.1% overall. Of Top 25 markets - which in aggregate continue to perform less well than smaller markets as travelers avoid major cities - Tampa/St Petersburg had the highest occupancy (53.8%). Nationwide ADR and RevPAR were both down year-on-year from January 2020.