Hotels’ profitability improved in 2011

The hotel industry's profit in 2011 rose 15.7 percent from that in 2010, to approximately $33 billion, STR reports through its Hotel Operating Statistics program. STR found the economy segment showing the highest profitability among all industry segments with a 42.3 percent profitability in 2011. Overall, profitability growth in the previous year ranged from 9.3 percent to 41.5 percent across the hotel segments, according to the report. Read the HotelNewsNow.com story here.

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