"The fundamental characteristics of the economy remain relatively unchanged, as the labor market continues to improve and GDP growth remains steady if moderate," said R. Mark Woodworth, senior managing director of PKF-HR. "Accordingly, our forecasts for demand and average daily rate (ADR) growth remain above the long-run average in both 2016 and 2017. "We are not blind to current events and realize that non-economic risks do exist given the current international security environment. However, these are events which we are unable to forecast. Based on what we do know and feel comfortable forecasting, the probability of an economic downturn in U.S. hotel industry performance remains remote," Woodworth stated. Get the full story at PKF Hospitality Research