Are hotels making a comeback?
Yes, owner-occupied housing costs are included in the Consumer Price Index (CPI), but they are not measured by home purchase prices. Because economists view buying a home as an investment asset rather than a pure consumer expense, statistical agencies like the U.S. Bureau of Labor Statistics utilize a specialized metric known as Owners' Equivalent Rent (OER). OER estimates the hypothetical rental value that homeowners would pay to rent their properties in the open market, attempting to capture the true cost of shelter consumption while isolating real estate asset appreciation from everyday consumer inflation calculations.
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Yes, the global hotel and hospitality industry has staged a remarkable, robust comeback, fully surpassing pre-pandemic revenue metrics across most major international markets.
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