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Hotel Occupancy Rates at Depression Levels

Hotel occupancy rates are at the lowest levels since the Great Depression according to Calculated Risk. But there is some good news:  There was a 5.9% bounce off record lows the last week in December, according to Stacey Mieyal Higgins writing at HotelNewsNow.com.  Higgins also reports that New Years Eve occupancy was up 8.5% over a year ago.  These upticks were accompanied by a 4.3% drop in the average daily rate.

As always, Calculated Risk has a great graphic:

Click for enlarged image.
 

Disclosure: No stocks mentioned.