Jones Lang LaSalle reports performance growth in luxury hotel segment

10/4/2013 | Investor's Business Daily

The luxury lodging sector is seeing a rise in transactions activity as properties continue to show improved performance, Jones Lang LaSalle reports. Occupancy was up an average of 1.1 percentage points at the end of August as revenue per available room increased by $7 year over year. Reported hotel sales have exceeded $2.4 billion this year through the end of August, exceeding total 2011 and 2012 sales combined.

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