Are Hotels Revenues on the Rise?

According to an October 5 report from Reuters published in the Chicago Tribune, U.S. hotel room revenues are already beginning to approach pre-September levels by the end of the third week following the attacks. While Smith Travel Research reported that revenues per available room decreased on average 16.5 percent last week, but the day-to-day revenues showed a different story, according to the report. The 24.7 percent drop U.S. hotels reported on September 23 had declined to 6.5 percent by