us lodging market update
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 ...
Q1 2018 US Lodging Market Update, Strong Fundamentals
May 4, 2018
The US lodging industry continues to enjoy the benefits of strong economic fundamentals as metrics on spending, global trade, and various manufacturing indices signal that America's economy is poised for further growth. The US labor market continues to generate new jobs and further optimism is evident given the recently passed Tax Cuts and Jobs Act. US demand for leisure and business (transient, group meeting, and convention) travel accommodations has continued to rise with growth in demand outpacing supply through the first quarter of 2018. Demand for transient accommodations in several markets (such as Houston and South Florida) has b...
