Lodging Sales Surge As 'Unprecedented' Hotel Market Run Unfolds

The U.S. lodging industry, benefitting from two years of sporadic recovery, should continue to enjoy gains in occupancy and pricing power through 2014, with rising profits luring greater levels of investment, according to a series of hospitality reports and outlooks released over the last few days. PKF Hospitality Research, LLC predicted this week that revenue per available room (RevPAR) for U.S