The performance of U.S. hotels has become increasingly influenced by changes in the global economy, according to CBRE. Despite a relatively weak recovery in the United States, the unemployment rate is holding steady at 5 percent and wage growth is starting to pick up, said Richard Barkham, chief global economist for CBRE, in a video interview. While the health of the economy is good for domestic tourism, the rising dollar might stifle overseas demand for the U.S. lodging industry, particularly in gateway cities and higher-end hotels, Barkham explained. To watch the video, click here.
