STR: Hotel earnings reached $58 billion in 2012

05/23/2013 | World Property Channel

Data from STR Analytics' 2013 Host Almanac show the U.S. hotel industry's earnings in 2012 at $58 billion, nearly reaching the record earnings set during the peak year of 2007. Net operating income was nearly $40 billion on a 13.4% rise in total revenue, to $162 billion. "Luxury and upper upscale properties are leading the charge back to profitability, but there are still a lot of struggles in the middle and lower chain scale segments," said Carter Wilson, director at STR Analytics.

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