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Corporations Face Scarce Space: Soaring Hotel Rates, Occupancy Drive Buyers To Secondary Cities

This from Business Travel News: Corporate meeting buyers, faced with the prospect of spending excessive amounts of time finding hotel space in major cities at a time when occupancy continues to soar and paying record-high rates, are moving more events to secondary and tertiary locations. Though rates in those cities are skyrocketing as well, they offer buyers at least some relief during the height or a powerful hotel seller's market.