Hotel stocks could see a boost as the industry's occupancy rate now exceeds 75% for the first...
Hotel stocks could see a boost as the industry's occupancy rate now exceeds 75% for the first time since 2007 with a 3.3 percentage point increase over the last year to 75.1%. The 4-week average is also closing in on a level not seen since the recession. Another key metric, revenue per available room, increased 8.2% Y/Y to $81.80. Sector watch: HOT, MAR, IHG, CG, WYN, CHH, HMIN, RLH, H.
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