Improved Hotel Occupancy Delivers Optimistic Sign of NYC’s Tourism Recovery

According to data compiled by STR, which tracks the hospitality industry, New York City’s hotel occupancy in February reached its highest level since the start of the year. The news is significant since January and February are typically the slowest months for the city’s hotels. Occupancy averaged 56.5% during the week ending February 19 — before the holiday weekend, and 69.7% for the weekend of February 12. Revenue per available room, known as RevPAR was $105 for the week ending February 19—up nearly 3% from the previous week; however it remains significantly lower than the $150 RevPAR in February of 2019 and 2020.