Chicago Hotel Industry Outlook: 2009 - 2012

By Hans Detlefsen and Nina Vetter, HVS Global Hospitality Services

While the national recession continued into the first half of 2009, the Chicago hotel industry, as with many major cities throughout the United States, continued to experience shrinking demand. Looking to the second half of 2009, some evidence suggests that the recession may be nearing an end and the pace of decline may be moderating in the hotel industry.