I read an interesting article at the Economist today that points to rising ADR for hotel room rates indicating a turn in the economy. Businesses are letting people travel again and they are paying more for rooms which give hope slowly but surely the economy is starting to turn around. The article does caution that construction of new hotels is down so it warns not to be too optimistic but its one in many signs Americans are ready to start spending again. Read the article here and tell us what you think:http://www.economist.com/blogs/gulliver/2012/01/hotel-room-prices?fsrc=scn/tw/te/bl/howmuchforaroom
Hotel Prices Up, Economy Up?