[Excerpt] With the lodging industry recovery in full swing and strong tailwinds leading to much optimism among economists, there are still headwinds that could derail progress to recovery and send the industry back into the red. At PKF Hospitality Research (PKF-HR), we believe that oil prices could have a profound impact on future revenue and should be on everyone’s radar when making plans.
Corgel, J. B., & Lane, J. (2011). Oil prices and lodging risk. Cornell Hospitality Quarterly, 52(3), 228-231. Retrieved [insert date], from Cornell University, School of Hospitality Administration site: http://scholarship.sha.cornell.edu/articles/541/