In May of 2011, PKF Hospitality Research LLC prepared a special report entitled Oil Prices and Lodging Risk. Therein, Dr. Jack Corgel and Jamie Lane find that when oil prices increase beyond normal levels, individual consumer and business spending power is reduced, which in turn has a negative multiplying effect throughout the macro economy in general and the lodging industry in specific.
In May of 2011, PKF Hospitality Research LLC prepared a special report entitled Oil Prices and Lodging Risk. Therein, Dr. Jack Corgel and Jamie Lane find that when oil prices increase beyond normal levels, individual consumer and business spending power is reduced, which in turn has a negative multiplying effect throughout the macro economy in general and the lodging industry in specific.