Tuesday, July 27, 2010

Hotel recovery is taking shape from "top down"Just as high-end hotels were hit the hardest in the downturn, the upscale sector is recovering the fastest as the industry rebounds. The recovery trend is "top down," said Mark V. Lomanno, president of Smith Travel Research, and, as hotel occupancies begin to rise again, room rates are stabilizing. The New York Times (free registration)

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