Attendees of this week's Lodging Conference in Phoenix were brimming with optimism for 2014 as signs point to stronger hotel performance in the coming years, writes Glenn Haussman, editor-in-chief of Hotel Interactive. "[H]otel stocks are up 12% on average this year alone, the travel business is driving the reduction in unemployment and soaring demand and higher rooms rates are driving profits. In the 12 months trailing in July, STR says the industry brought in $120 billion in revenue, a record high," Haussman writes.

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