Will Room Rates Rise Sooner Than Expected?

Will Room Rates Rise Sooner Than Expected?

“We expect fairly rapid average-daily-rate movement soon.”—Mark Lomanno, STR

With a piece of news many didn’t expect to hear from hotels until next year, Marriott International announced that rates at its North American hotels rose during the month of May, up 1 percent from May 2009. Revenue per available room rose 9 percent.

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