A ray of hope for hotel performance
There is some positive news coming out of the last week of 2009—finally! Today Smith Travel Research released data indicating positive year-over-year growth in two of the three major metrics for the U.S. hotel industry for the week ending 2 January 2010. Annual New Year’s Eve festivities helped immensely, and the calendar worked in favor of increased occupancy and extended trips compared to last year, according to Chad Church, manager of industry research for STR.
