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Nearly six years after the pandemic, US hotels still struggle to regain lost occupancy

Only 24% of CoStar-defined hotel submarkets post higher occupancy than in 2019
The 25.9% decline in average hotel occupancy for the San Francisco-Market Street submarket is influenced by slower office occupancy, as well as slower convention calendars and ongoing urban headwinds facing the city. (Getty Images)
The 25.9% decline in average hotel occupancy for the San Francisco-Market Street submarket is influenced by slower office occupancy, as well as slower convention calendars and ongoing urban headwinds facing the city. (Getty Images)
CoStar Analytics
December 10, 2025 | 7:36 P.M.

Nearly six years after the pandemic, the recovery in the U.S. hotel industry’s occupancy level remains partial and uneven.

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