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Recession Overload for Hotel Spas

As we enter 2010, words like, “economic downturn” and “recession” are still lingering in everyone’s minds. The service industry among others was significantly impacted by the events commencing in the fall of 2008 and unfortunately, hotel spas were not immune.

The Recession Is Over?!? Now What?

In the December 2008, the National Bureau of Economic Research (NBER) made the official proclamation that the U. S. entered an economic recession in December 2007. As is sometimes the case, U.S. hoteliers began to feel the pain well before most other businesses.

Government Travelers Can Help

For hotels in the upper-tier chain scale categories, government travelers have historically been viewed as guests of last resort.

Which Hotels Might Get Sick on Health Care Legislation?

In health care reform, the hotel industry has much to gain or lose,
depending on the specific components of any final legislation.

Hotel Managers Miss 2008 Budgets

The U.S. lodging industry rebounded strongly after its 2001 to 2003 industry recession. RevPAR growth exceeded 7.8 percent each year from 2004 through 2006.

Depressed Outlook For Hotel Investments

As we now live through the current economic recession and its impact on lodging revenues and expenses, it has become evident that investors anticipate continued declines in operating incomes and resulting loss in property values through the remainder of 2009 and into 2010.

Recovery and Reinvestment: Analyzing the Tax Implications of the Stimulus Legislation

While the size of the recently enacted American Recovery and Reinvestment Act of 2009 is unprecedented, the business tax breaks are not large in the grand scheme of things and few will benefit hospitality directly.

Hotel Values Decline; Have Your Property Taxes Gone Down?

The pervasive economic distress that characterizes the U.S. today has led to what will be an unprecedented decline in U.S. hotel performance. According to the latest national forecast by PKF Hospitality Research (PKF-HR), Revenue per Available Room (RevPAR) will fall 13.7 percent in 2009, the largest one-year drop experienced by U.S. hotels since the firm began compiling data in 1936.

Hotel Spas: Therapy for Tough Times

With economic forecasts for employment and income declining, professional and personal travel budgets tightening, and consumer confidence sinking, the outlook for 2009 may seem dreary.

Hotel Profitability During Recessions

When analyzing the financial performance of U.S. hotels, a question we always ask is, "Have we seen this before?" At PKF Hospitality Research (PKF-HR) we have the benefit of reaching into our propriety Trends in the Hotel Industry database that contains detailed revenue, expense, and profit data from 1937 through present.