Hotels sold record 500 million room nights through June | USA TODAY
Hotel Check-In has invited hotel analyst Jan D. Freitag, a senior vice president at hotel industry tracker STR, to give us the scoop on hotel rates once a quarter. He'll look at U.S. room rate recovery by market. STR provides hotel operators, developers, financiers and other clients hotel data, including forecasts. His first post ran on June 5. In this piece, he tells us that U.S. hotels have set a record - despite the economy.
Freitag in his own words:
The U.S. hotel industry continues to fire on all cylinders.
Demand for rooms is stronger than ever, and through June, hotels sold more than 500 million room nights this year - a record.