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North American Hotel Rates Rise 3 Percent

North American Hotel Rates Rise 3 Percent

DALLAS—Hotel prices in North America were 3 percent higher on average in the first six months of 2013, than during the same period in 2012, according to the latest data from the biannual Hotels.com Hotel Price Index (HPI). This rise ...

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Hotel Data Conference Reveals Key Industry Metrics

Hotel Data Conference Reveals Key Industry Metrics

Economic headwinds, sluggish average daily rate (ADR) growth, lack of group demand, government travel cuts, and rising transient demand were hot topics at the fifth annual Hotel Data Conference at Loews Vanderbilt Hotel in Nashville this week. During the opening ...

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U.S. Lodging Sector Performance Remains Favorable

U.S. Lodging Sector Performance Remains Favorable

NEW YORK—PwC US anticipates that positive momentum in travel activity will continue to boost revenue per available room (RevPAR) in 2013, despite the recent sluggish pace of economic recovery. An updated lodging forecast released by PwC US shows favorable gains ...

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Global Corporate Bookings Up Year Over Year

Global Corporate Bookings Up Year Over Year

DALLAS—Global corporate bookings grew 5.5 percent over 2012’s level in July, according to Pegasus Solutions, a processor of electronic hotel transactions. The promising uptick in business travel was accompanied by substantial leisure demand that paled in comparison to strong gains ...

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