Chicago hotels post big gains in December

Hotels in the Chicago markets posted big gains in the first month of December. Recent data from STR shows that hotels in the market logged the largest jumps in the three key performance metrics out of the top U.S. 25 markets during the first week of December. For example, occupancy rates for Chicago hotels rose 19.8 percent to 70.3 percent in December, and the average daily rate climbed 32.3 percent to $150.12. Read the HotelNewsNow.com story here.