However, the same report shows that passenger traffic made gains during the same period.
That may be why a top official of Cambria Suites Hotels, Michael Murphy, says business is strong.
“We are seeing the highest demand in the history of the hotel industry right now. More people are traveling now than ever before, and that's in all segments of travel,” Murphy said.
The contradictory indicators are one reason that predicting the economic future is a complex and difficult task.
For example, government experts first said the U.S. economy expanded at a 1.5 percent annual rate during April, May, and June. Then they made a revision -- as new information became available and showed growth was more likely at a 1.7 percent rate.
Trying to figure out what to do about the sluggish economic recovery is even more complicated.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25