Increased foreign investment expected in US in 2010

espite being battered by one of the worst slumps in history, the U.S. hotel sector should expect to see an increase in foreign investment in 2010, experts said.“There hasn’t been so much foreign investment in the U.S. over the last couple of years because there has been such strong liquidity in local markets,” said Mark [...]

US and UK hotels continue to suffer

Hotel room rates, occupancy levels and revenues in both the US and the UK continued to fall for the last three months of the year.
In the US, average daily rate slumped 5.9 percent in the week 6-12 December compared to the same period in 2008 to $96.04, according to data from STR.
The industry’s occupancy level [...]