u.s. lodging market update
Q4 Year End 2019 U.S. Lodging Market Update
Daniel Lesser | February 14, 2020
By Daniel Lesser After a tumultuous 4Q18, 2019 was a climb of the wall of worry as at several points many believed the grind higher was going to come to a halt, which did not occur. Although America’s financial system has been buffeted by a slowing global economy and the U.S. instigated trade war with China, it has been buoyed by the lowest unemployment levels during the past 50 years, and rising incomes which have fueled consumer spending and a generally optimistic sentiment. Although the U.S. economy is on solid footing, the longest period of expansion in its history places the nation in unchartered territory. The recent signing of a P...
Q3 2019 U.S. Lodging Market Update
Daniel Lesser | October 30, 2019
By Daniel Lesser While the U.S. continues to be in the midst of its longest uninterrupted economic expansion in modern history, slowing growth metrics along with abundant geopolitical uncertainties are heightening perceived risk of impending recession. Concerns include: • U.S. GDP growth is decelerating and during the near-term increases are anticipated to remain modest; • The Conference Board’s consumer confidence index fell to 125.1 in September, down from a revised August 2019 reading of 134.2; • Trade with Canada and Mexico falls into the same uncertainty now gripping U.S. relations with China and Europe. A failure of ...
