The hotel industry saw marginal improvements in the third quarter, with occupancy and revenue per available room improving slightly from second-quarter numbers. According to Smith Travel Research, occupancy climbed to 60.5 percent, up from 58 percent in the second quarter. However, third-quarter occupancy rates are still 8 percent lower than in the third quarter of 2008. RevPAR increased slightly, to $59, up from $56 in the second quarter but down 17 percent from the third quarter of 2008. ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only gain access to Hotel Industry: Trending Upward?, you'll get exclusive access to a large archive of premium content.

Already registered? here.