US hotel fundamentals soar with improving economy

Hotel fundamentals are exceeding peak levels and destined for uncharted territory if positive economic forecasts pan out and lenders can maintain their discipline. Data from Jones Lang LaSalle shows that RevPAR -- or revenue per available room -- in 85% of the top 25 markets has already exceeded the peak from last cycle. Average national RevPAR of $76 as of November was $10 higher than the 2006 peak; and average daily rate (ADR) of $116 is almost $10 greater than the 2007 peak.