With 2015 coming to an end this weekend, the travel industry has begun to look at all the changes in trends in the industry over the year.
In a study by STR Global, a national hotel market data and benchmarking corporation, the average daily rate for U.S. hotels in November 2015 compared to November 2014 had increased 3.2 percent to $115.44.
Hotel occupancy increased increased 1.1 percent to 59.4 percent.
In summary, while the nightly rates for a hotel room increased, the consumer base did not dwindle in result. It actually increased as well.
To read more, visit the STR Global website.