Hotel rates for business travelers rose 9.3% Y/Y in April to approach pre-recession levels in...

|By:, SA News Editor

Hotel rates for business travelers rose 9.3% Y/Y in April to approach pre-recession levels in North America, while rates for leisure travelers also recorded a respectable 7.3% gain. Industry research suggests that the rate increases haven't run their course yet, tipping off that hotel players such as MAR, WYN, H, IHG, CHH, and HOT could see revenue upside.