Hotels See Slight Improvement In Revenues, Occupancy | latimes.com

Casting about for some good news, we find that the hotel industry is doing "less worse" than it was earlier this year, according to Smith Travel Research. Hotel revenues and occupancy are still way below what they were about this time in 2008, but they’re slightly better than they were in February and March. The hospitality industry measures success by calculating revenue per available room – RevPAR, they call it – by multiplying the occupancy...