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 story here.

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