Study finds hospitality industry nearing prerecession profit levels

Hotel prices in March jumped 33 percent in the past 12 months, a point shy of the hospitality industry’s pre-recession peak, according to a recently released report from Moody’s/RCA Commercial Property Price Indices. An analyst at RBC Capital Markets REIT also reported a slowdown in international travel, although revenue per available room in Asian markets surged 18 percent in the first quarter. Read the Hotel Management story here