Travel professionals say hotel room rates are stabilizing

09/23/2010 | Wall Street Journal, The

A variety of hotel and travel industry professionals say room rates, while still below pre-crisis levels, have started to stabilize. Hotels.com President David Roche said the business travelers' return has helped firm up rates. Eric Pearson, an executive with InterContinental Hotels Group, said he has seen a return of meetings and corporate-group travel.

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Wall Street Journal, The

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