Lodging industry posted growth in Q4, STR reports

01/25/2013 | TravelPulse

Data released by STR indicate that revenue per available room at U.S. hotels rose 6.5% in the fourth quarter. Average daily rate during the same period increased by 4%, while occupancy was up 2.4%. "We expect this pattern will continue in 2013, as demand growth slows somewhat and ADR traction holds. Room supply growth is gaining momentum -- up 0.7% in the quarter -- but we don't expect new hotel room capacity will be a major drag on overall 2013 industry performance," said Bobby Bowers, a senior vice president at STR.

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