Lodging Metrics Continue to Show Growth in Demand

Daniel Lesser

NEW YORK CITY—As the world’s economy strengthens, the outlook for America is bright, evidenced by heightened business and consumer confidence. Today, the US is a Goldilocks economy with GDP growth anticipated to remain between 2% and 3%, unemployment forecast to remain stable, and little evidence of inflation or deflation.  While the Federal Open Market Committee has held the federal funds rate flat, experts expect several small increases through 2019.

Some prognosticators perceive current record setting US stock market indices may indicate exuberance, and a signal of a peak in the business cycle with potential for economic recession ahead.  Much hinges on whether or not the Trump administration is able to complete its tax reform proposal, which promises to simplify the code, make it more business-friendly and provide breaks for the middle class to increase their disposable income.