Hotels Show Signs of Life With Long-Awaited Travel Boom in Sight

After the hotel industry’s worst year on record, a long-awaited recovery is finally approaching.Occupancy rates at U.S. hotels reached 52% last week, the highest since lockdowns began, according to lodging-data provider STR. Shares of lodging companies are surging on the prospect that a rebound is at hand, while companies such as Blackstone Group Inc. are making high-profile deals in the industry.