I believe the hotel sector is a good leading indicator for the economy. The below chart shows that when the US early in recession, more than 50% of the hotel submarkets have a declining RevPAR (Revenue Per Available Room Declines). HNN I believe as business slows, business and personal bookings for hotels decline and when hotel bookings decline […]
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Two Warning Signs
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Economic Discussion
Global Markets The Global PMI (purchasing managers index), a proxy for economic growth has rebounded to multi-year highs. This can be seen in expansion of both manufacturing and services. Markit The Emerging Market and Developed Market PMI expanding together. Is it possible we have entered a coordinated growth cycle after years of uncoordinated growth? CEO’s […]
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