Year-end ’08 Hotel Performance Results Released

The world’s four regions of the hotel world—the Americas, Asia/Pacific, Europe, and Middle East/Africa, as analyzed by STR Global, reported mixed year-end results for 2008, although no city reported an increase in occupancy.

Figures for occupancy, average daily rate, and revenue per available room for 2008 range from single-digit losses to double-digit gains, depending on the market and the currency used for comparison, says the lodging industry benchmarking and research company.

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