STR Reports Growth in All Areas for U.S. Hotel Industry in 2012
The U.S. hotel industry reported growth in all three key performance metrics in 2012, according to data from STR. Overall, the U.S. hotel industry’s occupancy increased 2.5 percent to 61.4 percent, its average daily rate was up 4.2 percent to $106.10, and its revenue per available room grew 6.8 percent to 65.17.
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