Outlook for 2009 is bleak for US hotel industry
Though the novelty of this dreadful thought may have worn out in the last months and trade people don’t want to hear it any longer, experts paint a gloomy picture of the industry over the coming months, over 2009, carried forward to two more years. Yes, the message from expert is clear: 2009 will be a lousy year. Even forecast numbers have dramatically dropped since December 2008 when Lodging Econometrics said there will be 457, 274 new rooms coming online worldwide with 2982 new hotel openings. A month later, this year they say there are only 425,615 rooms to be delivered with 158,851 of those to open in the US. Last year, around 135,070 rooms were built, showing only 23,000 rooms will be added in 2009, according to their construction pipeline report for 2009.