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Hotels Post Positive Growth - Except in Occupancies

(August 2008) posted on Wed Aug 27, 2008 EDT


The global hotel industry recorded positive growth in average daily rate and revenue per available room in July, according to data from Smith Travel Research and STR Global. However, July occupancies fell in all but one world region-the Middle East/Africa. "Global data for July followed the same pattern that we have seen all year," said James Chappell, managing director of STR Global. "The U.S. and Europe clearly are at a very different stage of the cycle than other global regions." Data for the survey was gathered from more than 36,150 hotels comprising 4.93 million guestrooms worldwide.

http://www.smithtravelresearch.com/news_archives/pr/Media_GHR_July_2008.pdf

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