In 2014, the tourism industry has recovered ahead of the economy for the first time in history. This is unusual considering the lodging industry has run in sync with all major economic trends in the past.
Posts Tagged:economic growth
U.S. Economy/Introduction to Hospitality Market Most economic forecasters believe that the past several quarters of economic growth were partly a result of fiscal stimulus. Based on that, the forecast for 2011 is for slower growth as the supports and stimuli are now dissipating. The recovery now depends more heavily on the private sector, which faces weakness
2009 is expected to be a buyer’s market now that the softening economy has created far more price sensitive travelers.