U.S. flips to positive hotel profit as Europe backslides


U.S. hotel profitability was aided by an ongoing though marginal rise in both occupancy and average rate, which led to revenue per available room (RevPAR) hitting $40.99 in the month, which, though down 78% from a year ago, was a 7.3% rise over September and a 365% increase over April, when RevPAR was at its lowest point at $8.99.