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

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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.