Adapted from a January 23, 2014 article in Hotel News Now
Jan Freitag, senior VP of strategic development at STR, said the U.S. hotel industry broke several records in 2013. For the full year, the U.S. industry had the highest:
• number of rooms available ($1.7 billion);
• number of rooms sold ($1.1 billion);
• ADR ($110); and
• RevPAR ($69)
No ADR decreases were reported for the year in any submarket.