The HVS Employment-Hotel Growth Index: A New Tool for Projecting Hotel Room Night Demand | David Fuller and Caitlin McKenna

The market has changed substantially since we first published this research in August of 2008. Led by the bust in the housing market, performance in the commercial sector took a sharp downturn in the fall of 2008, and the current recession has negatively impacted all sectors of the commercial real estate market. With this update, we set out to see whether the relationships between employment and hotel performance held true through year-end.