The new data shows urban hotels are still in a “depression” cycle while the overall U.S. hotel industry remains in a “recession.”
During the 2008-2009 economic downturn, the corrective actions for such times of hardship were simple. Now, however, it would seem as though we are confronted with a mercurial problem, that of a flattening of pace.
The six month growth rate of HIL, a long-term growth predictive analytic which confirms the underlying cyclical behavior in the growth of US hotel business, has consistently slowed down in the last thirteen months, hitting an annual growth rate of 0.1% in April from a high of 5.9% in February of 2015.
e−forecasting.com’s HIP – a predictive analytic which gauges monthly overall business conditions for hotels – stalled, posting a nil growth rate in April after an increase of 0.1% in March.
Never miss a trend.