US Economy and Hotel Industry 2020 Outlook
Thursday 30th January | 2:00pm EST
- As 2019 hotel performance ended on a whimper, all eyes are on 2020 and how the industry participants will navigate unprecedented uncertainty amidst slower GDP growth projections. Please join our experts Adam Sacks from Tourism Economics and Jan D. Freitag from STR as they lay out their data and convictions about the year past and the year ahead.
- In this hour long webinar Adam will cover the state of the US economy and present macro indicators that point either at a slowdown or a continued slow growth environment. He will also discuss international arrivals data and trends relating the travel to and from the US. Jan will then discuss the US hotel industry performance by class, segment and market and present the 2020 STR forecast.
We will be holding this presentation on Thursday, 30th January, at 2:00pm EST. We will forward connection details to the email address provided as well as slides and a link to a video recording upon the completion of the presentation.
Adam Sacks | President, Tourism Economics
For more than two decades, Adam has worked with destinations, industry associations, and companies around the world in the areas of opportunity and risk assessments, policy analysis, and economic impact. He is an authority on measuring the economic impact of visitor activity and has analyzed the impacts of cruising, gaming, timeshare, hotels, new attractions and destination marketing. Adam’s work has provided the foundation for billions of dollars in capital investment decisions by hotel companies, developers, and investors. Destination marketing organizations around the world rely on Tourism Economics data and scenario models to inform global marketing investment allocations. Adam also supports trade associations in the aviation, hotel, and broader travel arena with forecasts widely considered to be an industry standard. Adam’s work has influenced critical government policies in the areas of travel facilitation, taxation, and tourism promotion initiatives.
Jan D. Freitag, STR | Senior Vice President
Mr. Jan D. Freitag is a Senior Vice President for STR (STR, Inc.). STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. In his role, Mr. Freitag oversees a variety of projects, all charged with the accumulation and interpretation of global lodging data. He is a sought‐after public speaker and is frequently quoted in trade publications and the general news media such as The Wall Street Journal, New York Times, Associated Press, Reuters, Forbes, etc. Prior to joining STR, Mr. Freitag was the Director of Content Integrity at hotelreports.com in upstate New York and a hospitality consultant with Ernst & Young in Phoenix.