Hospitality management services this year are revising forecasts for those hotels and resorts they manage on a monthly, sometimes weekly, basis given the disparity in the economic reports that keep surfacing. Investors in particular are hearing that demand continues to rise and valuations have kept pace. Still, these recent reports suggest the long term remains dicey. Here are a few excerpts along with the full article links: Hotel Bookings Undeterred (For Now)! “Despite rocky debt-ceiling negotiations earlier this month and subsequent sputters in the Dow Jones Industrial Average, the U.S. hotel industry has chugged on largely undeterred. During the week ending 6 August—the same week Congress reached an 11th-hour debt-ceiling compromise and the Dow dropped 500 points—revenue per available room still grew by 4.8%, according to HotelNewsNow.com’s parent company STR. The following week saw an identical gain, and the week ending 20 August posted a RevPAR increase of 7.6%.” Hospitality management services and their investors can read the full commentary here. Possible Financial Disaster in 2012? “The economic and financial landscape looks worse with each coming week. Unemployment, inflation and uncertainty are on the rise. Investment returns, corporate budgets and the strength of the “full faith and credit of the United States” are declining.” Hotel investment services and advisors can read the complete analysis here. Need other tips and advice on hotel investments? Check out and subscribe to this hotel management expert prior newsletters. Are you a hospitality management services firm overseeing several hotels for investors? If so, what has been the impact of your budgets and forecasts in terms of the recent economic news these last couple months? Do demand projections show a rise as these recent statistics suggest or a downturn? Please share your thoughts with our readers.
Perry Group
Hotel & Restaurant Experts For The Hospitality Industry
