Rodman & Renshaw Discusses Lodging Sector

Rodman & Renshaw is out with a research report on the lodging sector. In the note, Rodman & Renshaw notes: - U.S. RevPAR up 7.2% to $70.37 - U.S. ADR up 3.3% to $101.73 - U.S. Occupancy up 250 bps to 69.2% - Upper Upscale RevPAR up 7.9% to $117.07 - Upper Upscale ADR up 3.4% to $149.39 - Upper Upscale Occupancy up 330 bps to 78.4% Best Performing City: Miami with RevPAR up 28.4% Worst Performing City: LA with RevPAR down -6.3%