Hotels show signs of recovery

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The national hotel market is showing significant signs of recovery as the average price of a room increased almost 90% to $107,988, and the number of transactions increased about 15% to 466 compared to September 2009. 

Not only does the data, provided by Lodging Econometrics, give evidence towards the increasing strength of the nationwide hotel market, but it also provides evidence of increasing consumer confidence.  The hotel market seems to improving because consumer demand grows as the number of vacations, business trips, and celebrations increase. 


~Karan