Answer & Explanation:I summarized an article from website -please make it a PowerPoint , please make it simple and easy to present it.this is the article that I summarized from the website and i need it to be use for the PowerPoint, please check it out below.
HDC: Analysts adjust forecasts,
expect slowing growth
According to Sean McCracken, 2016
was rough than expected and as a result, the 2016 Hotel Data conference
speakers mentioned that there will be a slower growth in 2017 than it has been
in the recent years. However, this was not the case with CBRE Hotels, and STR Hotel News Nows Parent Company officials who
said that despite things being harder than before, the industry is still doing
well and the expected crash will not be as severe as those expected earlier. Amanda
Hite, the SPR president as well as CEO declared that SPR is growing and expects
to grow further. According to Hite, such growth taking part early within the
years as well as so quickly was not expected. However, she indicates the
abs
ence of rate growth has been quite challenging for the last 3-years but
there are projections that higher growth is expected. CBRE Hotels also expect
to grow in 2016.
SPR expects to grow in 2017 but at a
weaker pace as it is the case with CBRE Hotels who projects to grow at a
slightly higher pace. However, both companies expect that their occupancy to
fall. According to CRBE senior managing director, Mark Woodworth, the industry experienced
quick as well as dramatic declines in the last two cycles, something not
expected this time round as the cycle is expected to go on with some solid
growth for the near future.
According to sacks, developing
tourism and travel priority amongst the public and the declining consumer
confidence as well as corporate spending tightening are two economic trends
impacting the hospitality industry. There
are still some chances for optimism, which include: record-high absolute values
of performance indicators, strong profits, a relatively stable economy, and
moderate supply growth.