Mark Woodworth

PKF Economists Ask: Should Hoteliers Worry About the Negative Fourth Quarter Change in GDP?

The Commerce Department recently released a negative estimate of real GDP change for the fourth quarter. Given the correlation between changes in GDP and the demand for hotel rooms, is this an ominous sign for the U.S. lodging industry? We do not think so, and here’s why: First and foremost, the
National 05 February 2013 08:00