But in the hotel industry STR Global, the leading provider of market information to the global hotel industry, says it is going in the other direction and that the fall off in occupancy – underscored by revenue per available room falling 26.2% compared with a year ago – came at the same time as significant increases in hotel supply during the last few years.
As in a 5% increase in available rooms across the country for 2009 compared to the prior year.
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