Strglobal News

Industry posts record revenue in 2008, other metrics slide

Press Release | 24th Jun 2009 in Hotel News

The U.S. hotel industry average daily rate reached a record high, ending 2008 at US$106.55, but Pre-Tax Income Profits for the year were down 7.9 percent to US$25.8 billion, according to STR’s Hotel Operating Statistics Study. → Read More

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