STR projects the U.S. hotel average daily rate to increase by 4.4 percent to $112.21 during the summer months.

Occupancy will increase by 1 percent to 70 percent, according to the forecast. STR COO Brad Garner said that although "concerns and perceptions of the ongoing government sequestration [would] directly replace concerns normally associated with increases in fuel prices during the summer," the government cutbacks would "have very little measurable impact on summer performance."