Hotel Outlook: Less Growth in 2012
From The Tennessean
Hotel Outlook: Less Growth in 2012
The U.S. hotel industry will see less growth in 2012 than previously predicted because of continuing economic headwinds and a stellar 2011, according to a revised forecast released today.
The industry-wide occupancy rate now is expected to average 60 percent next year, an increase of 0.2 percent, according to STR, a travel consulting and research firm based in Hendersonville. It previously forecast a 2 percent increase. Click here for the full story.
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