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With the US and world economic systems still recovering from crisis, there is a need for hotel economist recommendations on whether to buy or sell hotel properties. Deciding whether to increase or decrease investment in the hotel and hospitality market will require more than just a general economic forecast. It is important to acquire as much specific market forecast data and analysis as possible before making a major purchase or sale decision. Some analysts have released positive economic forecasts for the US hotel industry in 2011 and 2012. See this article if you are making plans to buy a hotel this year. Good hospitality industry market conditions may not tell the whole story, however. Investors should also look at trends in the commercial real estate and employment markets in their geographic area for guidance on whether to increase or decrease their investment in hotel projects. Investors should also consider the hotel economist outlook for long term return on investment in any hotel project under consideration. This analysis should be very specific to the geographic area being considered. A thorough study of the local economy, demographics, and anticipated hospitality market changes should provide the data needed to help make an investment decision. When the goal is to reduce investment exposure in the hotel and hospitality industry, determining the best market price is essential. In this situation, good analysis and economic projections will help the seller set a realistic price, and provide support for a strong posture in negotiating the sale. In making a decision to buy or sell an interest in any major hotel project, there is the element of risk. But using good analysis and projections prepared by hotel economist firms, investors can reduce their risk substantially. Using economic analysis and forecasting can also provide vital information that can help turn an unsuccessful project into a successful one.
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