It looks like this year won’t be quite as bad as anticipated for the hotel industry, after all. Smith Travel Research has updated its forecast for 2010 to reflect a stronger performance than previously predicted in the three main metrics—occupancy, revenue per available room, and average daily rate. STR’s revised forecast for 2010 shows a 2 percent increase in occupancy, to 56 percent, and a 2 percent decrease in average daily rate, to $95.45. RevPAR is expected to end the year virtually ...

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