Americas outlook for 2012 by Horwath HTL for The Hotel Yearbook

Our regional outlook continues with a look at key markets in the Western hemisphere. HORWATH HTL has provided an in-depth look at the prospects for 2012 in the USA, Brazil and the Caribbean. The economy of the United States is the world’s largest national economy. Its nominal GDP was estimated to be nearly $14.7 trillion in 2010, approximately a quarter of nominal global GDP. The US economy has been expanding since the end of the recession, which is officially considered to have ended in June 2009. The recovery has been fragile, however, with many mixed signals that have led to uncertainty in the consumer and business markets.