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IRVINE, CA-Fundamentals in the hospitality industry are strong, with the volume of hotel deals on a healthy post-recession pace following a solid first quarter, according to Auction.com Research, the market-research division of real estate marketplace Auction.com. The division released this week its Quarterly Hotel Monitor, which reviewed hotel occupancies, rates and property transactions to assess the overall health of the hospitality real estate industry and forecast its future.

“The economy looked to be back on a growth track in the first quarter, and hotel revenues have responded accordingly,” said Peter Muoio, head of Auction.com Research and author of the study, in a prepared statement. “With revenues up 1.8% over the previous quarter and 7.1% from a year ago, US hotel-room demand and operating conditions both have resumed a healthy post-recession growth rate.”

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