Lodging
STR projected average daily rates will increase by 3.8 percent at U.S. hotels this summer, nearing peak rates of 2008,
while occupancy
climbs 1.8 percent to 69 percent. STR COO Brad Garner said in a statement that
additional leisure travel would add demand to already-strong corporate business
travel demand, although the firm projects "very little contribution to the
overall demand numbers from government transient and group travel" as well
as "modest at best" inbound travel levels from the eurozone.