Q3 hotel sales figures make emphatic comeback statement

US hotel trading surged in the third quarter as the overall economy improved, reaching seven times the number of transactions for Q3 of 2020 and six times the dollar volume, according to the LW Hospitality Advisors Major U.S. Hotel Sales Survey. The performance bested 2019 as well, with the number of sales rising 120% and dollar amount 30%, though prices per room dipped by 8%.