12/13/2012

The U.S. hotel industry is expected to close the year with strong performance in all key lodging metrics, STR reports. Preliminary year-end data released by STR indicate a 6.6% rise in revenue per available room, a 2.3% increase in occupancy and a 4.3% jump in average daily rate. "The data indicates 2012 will finish as a solid year for the U.S. hotel industry. The industry has experienced back-to-back years of record demand, which, coupled with limited supply growth, has fueled the increases in the other measurement categories," said STR President Amanda Hite.

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