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The economic recovery has started in the U.S. hotel industry, driven mostly by demand for luxury hotels, suggests Smith Travel Research, which released its monthly forecast update last week.
More than 50 percent of attendees who participated in a survey at STR's inaugural Hotel Data Conference presented by Magnuson Hotels on August 4-5 believe the industry's revenue per available room wil
The US hotel industry posted declines in all three key performance metrics during the week of 15-21 February 2009, according to data from Smith Travel Research (STR).
Los Angeles, California (eTN) - At the Americas Lodging Investment Summit (ALIS) held last week in L.A., top hotel experts forecast industry meltdown in the days of the current, or impending recession. Main implications for 2008 show occupancy rates; average rates and revenues softening moderately in the US, according to the Oxford Economics.