Studies: Hotel rates climbed 4.3% in 2011, will continue to rise

01/8/2012 | Los Angeles Times (tiered subscription model)

A study by STR Global has found that average hotel rates in the U.S. rose 4.3% last year, likely because of the sharp decline in supply growth. "The limited number of rooms gave the hotels pricing power," said Jan Freitag, a senior vice president at STR. The steady growth in business and leisure travel should boost demand and cause a further 3.6% increase in rates this year, TravelClick predicts in a separate study.

View Full Article in:

Los Angeles Times (tiered subscription model)

Published in Briefs: