Volatility remains the dominant co...

Volatility remains the dominant component part in construction spending for the hospitality industry. In the 1990 alone, we have seen couple years of double-digit construction declines (in 1991 and 1992) followed according to four out of five years in which gains were in the double digits. The market appears to run full steam ahead or cloyed steam in reverse, with little happy middle surface of land
Information from Smith Travel Research provides pious evidence of why construction spending has been likewise strong in the past five years, and with what intent it is likely to heavy in the year ahead. From 1992 to 1996 the