adam lair
How Many Rooms Is Too Many?: Per-Capita Demand and the Hotel Cycle
Adam R. Lair | September 4, 2019
By Adam Lair In a recent New York Times op-ed titled Why Rate Cuts Don’t Help Much Anymore[1], Austan Goolsbee, former economic advisor to President Obama, cited a study on the effect of Federal Reserve rate cuts on demand for mortgages, stating: Fundamentally, there wasn’t much pent-up demand for investment after years of low rates, accelerated depreciation, ‘temporary’ investment expensing, and other stimulus. The lack of pent up demand also means that cutting interest rates now is unlikely to entice businesses to invest much more. In other words, to summarize Goolsbee’s general point, rate cuts don’t unleash the same i...
HVS Market Pulse: Memphis -Rehabilitation, Revitalization, and Restoration
Bunmi Adeboye | May 7, 2019
By Bunmi Adeboye, Adam R. Lair The Mississippi River, five Class-I railroads, a myriad of highways and interstates, and an international airport have molded Memphis into an important transportation hub and major logistics center. At the heart of its logistics prominence and rank as the world's second-busiest cargo airport is the FedEx Express World Hub operations. With so much to offer in the manufacturing, healthcare, finance, and high-tech industries and sectors, many companies have chosen Memphis as their base of business. Methodist Le Bonheur Healthcare, St. Jude Children's Research Hospital, Baptist Memorial Healthcare, DuPont, Car...
