From HotelNewsNow.com: STR: US hotel results for week ending 17 June
The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.
The red line is for 2017, dashed is 2015 (best year on record), blue is the median, and black is for 2009 (the worst year since the Great Depression for hotels).Currently the occupancy rate is tracking close to last year, and just behind the record year in 2015.For hotels, occupancy will increase further during the summer travel season.Data Source: STR, Courtesy of HotelNewsNow.com
From the Chicago Fed: Chicago Fed National Activity Index Points to Slower Economic Growth in May
This graph shows the Chicago Fed National Activity Index (three month moving average) since 1967.This suggests economic activity was close to the historical trend in May (using the three-month average).According to the Chicago Fed:
A few brief excerpts from a note by Goldman Sachs economists: The Next Recession: Lessons from History
CR note: Some day there will be another recession, but I don't see signs of a recession in the next year or more.