The Real Deal Miami

Price, transactions up in U.S. hotel market

November 05, 2010 03:00PM

The nationwide hotel market showed considerable positive momentum in the third quarter, according to a report from Lodging Econometrics, released today. The average selling price per room climbed to $107,988 in the third quarter, marking an 86 percent increase over 2009’s average selling price per room, $58,190. Although the average selling price per room isn’t back to peak levels — it hit $119,553 in 2007 — the rebound in pricing has managed to occur without disrupting the number of transactions. This year, so far, has seen 466 reported transactions, up from the same time period a year ago, which saw 405 transactions. [Hotel-Online]