global economy
Fragile Global Economy Clamps Down on Hotel Performance
HotStats | October 5, 2022
The global economy is on shaky ground and is having an unsettling impact on already fragile hotel performance footing. HotStats’ August performance data showed that both revenue and profit were following a normal, typical summer seasonal pattern, but unrestrained inflation, higher interest rates and foundering financial markets augur a potential global recession that could derail the ongoing hotel comeback. In Europe, strong profit numbers in June and July, which eclipsed 2019 numbers, gave way to a drop in August to €68.78, which was still higher than at the same time in 2019 and followed a normal pattern that should show a pickup ...
PwC: Global Economic Growth in 2018 on Track to Be Fastest Since 2011
PwC | January 16, 2018
The main engines of the global economy - the US, emerging Asia and the Eurozone - are expected to contribute almost 70% of economic growth in 2018 compared to their post-2000 average of around 60%. Growth in the Eurozone is predicted to be above 2% in 2018, as PwC expects the peripheral economies to outpace the core for the fifth consecutive year. Of the larger Eurozone economies, the Netherlands is expected to lead the way with economic growth at around 2.5%. By contrast, uncertainty relating to Brexit is expected to drag on UK growth, which is predicted to be 1.4% in 2018. Barret Kupelian, senior economist at PwC, comments: "In 2...
