• HIP gains on rate rise

The US Hotel Industry Pulse Index, which measures business activity in the sector, increased by 2.2% during August, according to e-forecasting.com in conjunction with STR.

July saw a 2.5% rise. Chad Church, director of special services at STR, said: "The growth in both demand and more recently, average daily rate, continues to propel the HIP."

See the full release here:
http://www.strglobal.com/

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