Hotel room prices rise 4.3% in 2011

Source: Hugo Martín, Los Angeles Times

With business and leisure travel growing, the average price for a hotel room rose 4.3% nationwide last year and is expected to climb further this year, helping the industry rebound from the Great Recession. The higher rates also reflected the limited growth in the number of new hotels, according to industry analysts. Last year's increases and this year's projections came in separate studies that looked at hotel bookings over the last year and advance bookings into the next nine months.

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