R. Mark Woodworth, Principal at Woodworth Core Group and Board Member for Hotel Investor Apps, considers US lodging industry forecasts for 2025 along side US economic forecasts for 2025 for an in-depth analysis and offers a clear takeaway for industry leaders.
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Chip Fritsch, COO and Co-Founder of Hotel Investor Apps was featured in Hotel Business with an exclusive article on power of Artificial Intelligence in modern hotel accounting software.
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Since the start of this century, we have experienced three recessions: March – November 2001 (9/11 and the Dot.Com bubble); December 2007 – June 2009 (Great Financial Crisis – GFC), and February – April 2020 (the pandemic). All three had very different contours (depth and duration), which may be explained by the principal cause associated with each contraction.
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The economic outlook for the hospitality industry in 2024.
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The recent failures of Silicon Valley Bank and Signature Bank, which could be a signal of more problems to come in the banking arena, are only the latest concerns regarding the U.S. economy. But this is not the only time analysts have talked about recession lately. Nick Timiraos recently penned a piece in the Wall...
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2023 Economic Outlook for the US Hotel Industry. By R. Mark Woodworth
Thinking back over this past year, many important economic indicators (the rate of inflation, elevated energy costs, Federal Reserve rate increases, labor scarcity leading to higher wages, etc.) were suggesting that a recession in the near-to-mid-term bordered on being inevitable. Certainly, a bearish outlook.
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While lodging fundamentals have improved dramatically over the past two years, many see threatening clouds on the horizon. . .
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