ALIS Conference 2017 – Recap
This year’s ALIS Conference in Los Angeles was very interesting because nobody knew going in whether or not it would be upbeat. The elections were contentious to say the least and there are still some hard feelings around the country but at ALIS it…
Sinking peso: Danger sign to economy?
Question: Does the sinking value of the Mexican peso pose economic problems for the local and national economy?
Bob’s Answer: YES
San Diego, as a border city, would be impacted by less spending by Mexicans due to the devaluation of the peso, but this is likely to be short-lived. The impact on the U.S. is not as significant. The peso’s devaluation has also increased remittances to Mexico and if exports are impacted by a tariff, this would severely impact Mexico’s economy.
But the impact on the U.S. will be felt mostly near the border.
Trump Bump: How long will stocks keep rising?
Question: Will the Trump stock market rally continue in 2017?
Bob’s Answer: YES
The rally will continue but much of the upside has already been priced into the market. Hence, the rally will be more of a steady increase in equity valuation with the Dow Jones headed toward 20,500. Expect the combination of consumer confidence and tax reform to extend the bull market at least one more year. To a Happy New Year for all!
Preliminary Hotel Industry Forecast: 2017
Since 2016 is barely gone, we may as well spell out the big news and the impact that news may have on 2017 and beyond. The first was Marriott—that was a big merger with Starwood and provides the new company with over 1,000,000 hotel rooms in 5,700 hotels,…
How Hotels Are Marketing to Millennials
SAN DIEGO—From texting and messaging apps to mobile-ready booking processes, today’s hotels need to stay current with Millennial guests by understanding how they want to communicate and their technology-driven way of life, RAR’s Robert Rauch tells GlobeSt.com.
Change these federal rules and regs, say EconoMeter panelists
Question: What one regulation would you like to see changed in your selected federal department or agency?
Bob’s answer: IRS
Individuals and businesses should have both lower and more simplified taxes. The effective tax rate for individuals, when including the Obamacare tax can be as high as 43.4 percent. For businesses, the rate is 35 percent. Both of these are far too high; just as important are the complexities that make it impossible to accurately calculate the amount owed. These must be simplified. Further, tax on overseas profits and the death tax need revision.
Top 10 Trends in Hospitality for 2017
Just 10 years ago, Facebook morphed into a mainstream business tool, Twitter arrived, the iPhone exploded on the scene and Android phones were born. Today, the pace of change has accelerated dramatically. In his new book, Thank You for Being Late, Thomas…
EconoMeter: What are you thankful for this year?
Q: What are you most thankful, economically, this Thanksgiving weekend?
Bob’s Answer: The hospitality industry is doing well.
Consumer confidence remains solid; leisure, international, corporate and group travel are all fairly strong and average rate growth is outpacing inflation. San Diego’s vibrant hospitality industry rebounded solidly from the Great Recession and currently, there is no recession on the horizon.