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U.S. hotels on track for 2011 recovery

from Hospitatlity Design

Smith Travel Research last week issued a forecast calling for the U.S. hotel industry's rates, revenue, and occupancy to begin a recovery in 2011. The firm said that the current construction pipeline should be mostly completed by 2011, with growth for the year projected at 0.8 percent. At the same time, demand will grow by 3.2 percent during 2011. This will lead to a 2.4 percent year-over-year increase in occupancy, a 3 percent increase in average daily rate, and a 5.5 percent increase in revenue per available room, according to the report. more


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