The last several months we have been discussing, analyzing and predicting what 2015 will bring to the hospitality industry. Well, 2015 has arrived and it is now time to execute on our strategies and ensure that 2015 is as strong of a year as it is predicted to be! It is critical to examine all of the data and hope that no event occurs to completely negate the keys to success in 2015. I like to start with economics. Bernard Baumohl of The Economic Outlook Group points to the expansion of the economy for six years and the fact that he feels this economy still has legs to continue the expansion through 2017.
According to Patrick J. O'Keefe, Director of Economic Research at CohnReznick, the U.S. economy approaches the end of 2014 in its best shape in a decade and is expected to expand further, but at a gradually slower pace of the course of 2015.
Click here to read more on my 2015 Lodging Industry Forecast
