During the second half of 2012, the U.S. hotel industry achieved record occupancy, and during the first two months of this year, it generated more room revenue than ever before, Woodworth said. At the same time, a "meaningful number of rooms" will not open in the United States until 2015 or 2016. Among the hotel companies that provide performance metrics, almost every brand raised rates moderately during 2012. That is continuing this year. BCD Travel consultancy Advito's latest projections include a 5 percent to 6 percent year-over-year increase in the U.S. average daily rate paid in 2013 by corporate buyers. Since the hotel industry rebound began, much of the increase in rates has been occurring in the upscale, upper upscale and luxury tiers, where occupancy is running about 70 percent, PKF Hospitality Research president Mark Woodworth said. Rate increases at lower-tier properties also should begin to accelerate in the coming year, he said. "2014, from the seller's side, could be one of the best years we've seen in a long time," Woodworth said. "To the degree that [buyers] can lock in more favorable prices now, I'd be inclined to do it." Get the full story at Business Travel News