U.S. hotel industry to remain stagnant for 6 to 8 months

The U.S. hotel industry is virtually frozen by the uncertain state of the global economy. As the credit crisis continues to dominate headlines and water-cooler conversations, reality has set in within the hotel industry in the form of an unknown and impossible to predict short term future. While there’s not a lot of optimism for the immediate future, there are some indicators that make the long-term picture a bit brighter.