The state of the US economy has a significant impact on the hospitality industry. When the economy is doing well, it is good for all industries. However, hospitality can really ride the highs and sink with the lows during recessions. People are less likely to travel, eat out, and spend money on leisurely activities when the economy is poor, and money is tight. A strong economy will leave people with extra cash for traveling and recreation. The hospitality industry has experienced an unusual trend in the past few months. Luxury properties are doing well in terms of reservations while more economic properties have experienced reduced levels of growth. This blog will investigate what’s causing this trend and look at how this could play out in the future, and what properties can do to remain competitive.

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