U.S. hotel industry profits nearly reach record high at $162 billion
Skift Take
The profit rebound signals an increase in business and leisure travel in the U.S.; however, revenue growth slowed in 2012 pointing to a rise in operation costs and property expansions.
Following an increase in 2011, U.S. hotel industry profits recorded another strong gain during 2012, based on data from STR Analytics’ 2013 HOST Almanac.
Based on nearly 6,000 hotels reporting in
