Wednesday, June 23, 2010

Hotels Hint at a Turnaround

The long-battered hotel industry is turning the corner as occupancy and revenue in the U.S. finally start to rebound.

But hotel owners can't start partying just yet. Hotel properties remain deeply indebted, with billions of dollars of mortgages coming due in the coming years amid forecasts the industry won't regain its full strength until 2013.

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