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Speakers on the first day of the 18th Annual Lodging Conference, here, pointed the difference between rebounding hotel industry fundamentals and the overall U.S. economy, which remains sluggish. According to Vail Brown, Smith Travel Research VP of global business development and and marketing, for the first eight months of 2012, the industry's performance has been very strong with ADR growing at a faster pace than occupancy . Demand has outpaced supply growth for the past 25 months, Brown aded.

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