Inverse Correlation - Dollar And Hotel Rates

Forbes has an article headlined "Dollar's Drain Is Hotel Industry's Gain". New York City hotels (and real estate), in particular, seem to have reaped the most benefits from the declining dollar as Europeans seem to have a relentless appetite for the sights and sounds of the Big Apple.

This seeming inverse correlation (as the dollar gets "smaller" hotel rates seems to get "bigger" or at least help keep Revpar constant given some softness in occupancy) appears to be driven by both European and Asian markets.