Summary: Economic impact studies demonstrate the economic benefits and desirability of hospitality projects Government entities may provide financial incentives for a project when they are presented with its benefits Economic impact comes from both short term and long term effects Developers planning hospitality projects such as resorts and conference centers are often looking to local

By: David J. Sangree, MAI, CPA, ISHC and Joseph Pierce, The economic upheaval of the past few years has impacted all industries. Nationwide, the hospitality industry experienced some of the sharpest declines in occupancy and average daily rate in 2009 since records have been kept. Gains in occupancy and rate that were made through the

By David J. Sangree, MAI, CPA, ISHC, and Joseph Pierce Summary: The median sale price per room of hotels in the United States declined by over 40% between year-to-date October 2008 and year-to-date October 2009.  The dramatic decline is a result of the economic recession and the fact that there was a much smaller pool