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Stat: Group Rates to Rise in 2015October 23, 2014
According to a report in our sister publication, Hotel Management, group business rates are set to rise in 2015 as the industry continues to recover from the effects of the Great Recession.
According to research from Bjorn Hanson, clinical professor for the Preston Robert Tisch Center for Hospitality and Tourism and the NYU School of Professional Studies, a rise in occupied room nights is driving a renewed focus in group and meeting sales among hoteliers, driving rate increases.