Uh oh, this is not good news for the #hotel industry… via @hotelmarketing

U.S. government hotel spending could dip 20 percent

“Experts say the decrease in hotel spending is in large part because of budget cuts, increased scrutiny of travel spending and directives from the Obama administration to reduce travel spending…

Agencies’ spending on hotels dropped more than 7 percent last year, from $308 million in 2010 to $285 million in 2011, according to figures from the Federal Procurement Data System.

Federal spending on hotels for the first three quarters of 2012, at $171 million, is about $44 million less than for the same period in 2011. If agencies spend at the same rate in the final quarter as they did in the first three, the government will finish fiscal 2012 having spent $57 million less on hotels than in 2011, a 20 percent decrease, according to Federal Times analysis.”

via U.S. government hotel spending could dip 20 percent.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s