Much like the retail real estate sector, the hospitality sector thrives on the discretionary spending of travelers for business and for pleasure. As such, it is a leading indicator as to the state of the economy. When the job market is strong and incomes are stable, people tend to travel more due to higher amounts of surplus income. However, when the economy is depressed, the hotel market feels the shock first. Unlike most other commercial asset classes which have income based on long term leases, hotel rooms are essentially leased by the day, which makes income much more variable. Until the economy begins to improve and jobs start to flow back into the system, people will continue to cut back on travel and leisure activities. The hospitality properties that are able to drop prices to competitive rates while still remaining profitable are the ones that will make it through this crisis.
Source: Richard K. Miller & Associates, "Hotels & Resorts 2009". March 25, 2009. http://www.marketresearch.com

Source: NAREIT www.reit.com "Annual Index Values & Returns, 1972-2008"
| Job Title / Description Hide Description | Company | Location | Posted |
|---|---|---|---|
|
Sr Real Estate Associate
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Overview:
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The company has b...
|
Confidential | CA | 8/23/10 |
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Director of New Business Development
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Potomac Hospitality Services | DC-Washingon | 8/21/10 |
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Introduction
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Holliday Fenoglio Fowler, L.P. | NY-New York | 8/20/10 |
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Investment Sales Executive
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Confidential | NY | 8/3/10 |
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SENIOR HOTEL REAL ESTATE ANALYST
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Asset Management Associate
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Career Group Search | CA-Los Angeles | 7/26/10 |
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Hotel Development Project Manager
Job Description:
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Omran (Oman Tourism Development Co.) |
Al Athaiba, Oman (Other) |
7/21/10 |
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VICE PRESIDENT OF HUMAN RESOURCES
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JRK Property Holdings | CA-Los Angeles | 7/6/10 |
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