business plan development
Hotel Business Plan Development 2018: Getting Ready for 2018 Budgeting
Robert A. Rauch | September 7, 2017
By Robert A. Rauch Before we complete our business plans for 2018, a review of macroeconomic data is in order. China's growth might be slowing but we anticipate a fairly steady U.S. economy in 2018. We will likely slow to about a 2 percent GDP growth rate over the next year as this economic recovery reaches the 100 month mark next year. Unemployment is low, consumer confidence is solid and household spending is strong. Interest rates remain low, business confidence is strong and nothing to derail the economy is imminent. Oil prices have been unusually flat notwithstanding the speed bump caused by Hurricane Harvey. All of this informatio...
10 Essential Steps to Business Plan Development for 2016 by Robert Rauch
Bob Rauch | November 4, 2015
Before we complete our business plans for 2016, a review of macroeconomic data is in order. China's growth is slowing but we do not anticipate a downturn in the U.S. economy in 2016. According to Bernard Baumohl, Economic Outlook Group, our favorite and most accurate economist, there will be no downturn in the U.S. but we will slow to about a 2.5 percent GDP growth rate over the next three years. He feels we are in the middle of this cycle and that the consumer will drive the economy despite weak jobs reports and the recent Q3 slowdown. Unemployment is low, the Conference Board says consumer confidence is the second highest in 8 years, ...
