Hotel room rates diverge, according to data

07/21/2010 | BusinessTravelNews.com

Hotel rates at upper-tier establishments increased year over year last month, while rates at lower-tier hotels continued to decline, according to recently released data. "While this is certainly an encouraging sign, virtually all the increase in room rates was found in upper-end hotels and those in New York City," said Mark Lomanno, president of Smith Travel Research, which released the data. "The industry's recovery will not be in full swing until room rate increases are seen in a much wider swath of industry segments."

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