February hotel-rate growth marks record year-over-year increase

03/26/2012 | Los Angeles Times (tiered subscription model)

Data released by Pegasus Solutions show that hotel rates for leisure travelers jumped 7.3% in February against the same period last year, while rates for corporate travelers rose 7.1% in the same period. The figures beat previous records of a 6.4% rise for leisure travelers set in June 2011 and a 7% jump for business travelers in June 2011 and January 2012, Pegasus reports.

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