Hotel Profits Expected to Comeback in 2010

Since 2007, hotel profits have dropped approximately 38 percent. According to research released by "Colliers PKF Hospitality Research" United States hotels' net operating income is expected to increase 2.3 percent. On the contrary, a 0.6 percent decline in average room rates is expected for 2010. Even though "the increase in profits for 2010 [is] 'underwhelming' but predicted greater profits in 2011 to 2013." (Business Week, "U.S. hotels expect profits to return in 2010)

Clearly, this is of great interest for a person who wants to be in the hospitality and tourism industry. First off, there is great hope for the future because in this article, it infers improvements occurring in the economy. This article, found in Business Week, on August 24, 2010, entitled, "U.S. hotels expect profits to return in 2010" by Hugo Martin, is one of the first positive outlooks for the hospitality industry. Since the consumers in the economy are willing to, and have the resources to spend extra money to feed the economy it is likely that citizens will be vacationing more frequently. Due to the fact that going on vacations is not a necessity, people who have not needed to go on vacation, during these tough economic times.

This year is one that is considered an economic recovery. Even though the expected increase in profits are minimal and seem "underwhelming" they are still increase in profits, nonetheless. The report that Martin analyzed was a credible one, and that is why the even greater increases in profit from 2011 to 2013 are positive. When I graduate college I would be more satisfied with the prediction that a certain field will be recovering, thus the economy will be, and that will make me less worrisome about finding a job.

http://bx.businessweek.com/hospitality-hotels--resorts/view?url=http%3A%2F%2Fc.moreover.com%2Fclick%2Fhere.pl%3Fr3088410972%26f%3D9791