U.S. hotels are poised to reach prerecession levels, data firms say

01/24/2013 | HotelNewsNow.com

Data gatherers speaking during the Americas Lodging Investment Summit in Los Angeles this week say they believe the industry is on its way to returning to peak performance levels reached in 2007 as demand continues to exceed supply. STR predicts that revenue per available room will rise 5.7% this year and 6% in 2014. PKF Hospitality Research forecasts growth of 5% to 6% in revPAR in 2013.

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