The hotel industry is continuing to show signs of recovery, with occupancy levels at higher-priced hotels picking up, according to a new analysis by advisory firm PwC. The firm expects revenue per available room, a key hotel benchmark, to increase 5.9% this year. In 2014, revenue per available room will likely increase 6.2% due to the improving economy and a still-anemic increase in supply of new hotels.
via Hotels expect best year since 2007.
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