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Category: U.S. Lodging Performance Fell Short of Budget in 2017

U.S. Lodging Performance Fell Short of Budget in 2017

by: Robert Mandelbaum

In 2017, the actual achieved levels of occupancy, average daily rate (ADR), total revenue and profits for U.S. hotels were less than their respective budgeted amounts.  After a five-year period (2011 through 2015) of extreme…

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