share
by Michael J. Shapiro | November 30, 2011

 The U.S. hotel industry continued its rebound in October, according to data released last week by STR Global. Overall, occupancy was up nearly 3 percent (2.9), average daily rate increased nearly 4 percent (3.9) and revenue per available room grew by 7.0 percent. "We continue to measure low supply growth, increased demand and steady increases in room revenue," noted STR president Amanda Hite. "These favorable conditions persist despite macroeconomic volatility as 2011 comes to a close." Leading the way in monthly RevPAR increases was Nashville, which posted a 23.5 percent leap, followed by Miami-Hialeah (22.4 percent) and San Francisco/San Mateo (20.4 percent growth).