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Low oil prices hurt hotels in energy markets

from Business Travel News

Drops in oil prices have taken a toll on U.S. hotel performance in major oil and gas tracts, according to a STR Analytics report released recently. Revenue per available room in major oil and gas submarkets has outpaced the rest of the country for years. But in 2015, their 6 percent RevPAR growth instead has trailed the country's 12-month running 8 percent, as measured by STR. more

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