• US hotels continue recovery

The US hotel industry saw occupancy up 6.7%, average daily rate rise 1.6% and revpar increase by 8.4% in the third quarter, according to STR.

Bobby Bowers, senior VP at STR, said: "Quarterly occupancy growth was the highest STR has ever recorded, and ADR growth was positive for the first time since third-quarter 2008-a seven-quarter stretch. We anticipate continued but somewhat slower occupancy growth in the final quarter, while ADR should continue its positive momentum."

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