According to a recent report from Smith Travel Research, 2005 was very good to the U.S. hotel industry, which reached $22.6 billion in profits. In fact, it was the most profitable year the industry has ever had, including the year 2000, during which the industry scored a then-record $22.5 billion in profits. Compared to 2004 every metric grew, including average daily rate (up 5.4 percent), occupancy (up 2.9 percent), RevPAR (up 8.5 percent), and total industry revenues (up 7.9 percent). ...

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