Slow recovery seen for U.S. hotel industry | reuters.com

It is a buyer's market for hotel rooms in the United States, and the situation is not likely to change soon. Hotel occupancy rates have stabilized, but discounting of room prices remains rampant in many markets, indicating a slow recovery for the industry. While most participants at a hotel business conference in San Diego this week said the bottom of cycle was near, they also saw no upturn before 2011.