The good news is that LIC’s long-term development boom will continue an upward trajectory. It just will not be as rapid a transformation that Amazon moving into the area would have ushered in.
Last year was a record-breaking one for the United States hotel industry in terms of key performance metrics as well as supply and demand.
Economic growth, record low unemployment, relative low inflation, rising government spending, and tax reform have combined to produce one of the longest periods of sustained growth ever in the United States.
2018 was another record-breaking year for the U.S. hotel industry with new all-time high operating metrics.
Of the hundreds of writings I read during the past year, following are 10 favorites (in no particular order) that I found thought-provoking or inspirational.
In order to remain competitive, cutting-edge hotel market participants routinely consider the sector’s highly fluid strengths, weaknesses, opportunities and threats.
The hotel industry’s knight in shining armor isn’t generating the massive profit surplus operators were expecting.
With the rise of services like Airbnb that feature vacation homes rented by owners, travelers have more varied lodging options than ever before. This industry development has had a measurable effect on the profitability of hotels.