Orlando, Florida, is in an economic depression, not recession - What is the difference?

Ok everyone has heard the joke: A recession is when your friend loses his job. A depression is when you lose your job.

Definitions:

To answer if Orlando is in a recession or economic depression we must first define what represent the concepts and see which one fits in Orlando now.

If you sit down to ten and economists to ask what is an economic depression and what is a recession, probably get ten differentAnswers.

Recession

It is a drop in gross domestic product (GDP) for two or more consecutive quarters.

Depression

If an economic downturn where real GDP fell by more than 10 percent. It could be argued that depression is a serious recession.

What is Orlando?

o In Orlando, home prices have fallen by 24% + / - after half of the total Florida Realtor MLS statistics over the past 12Months.

or last month in Orlando CVB Hotel in sales of 27% + / -

claims or unemployment in the region have been growing

Housing starts, or are almost all but stopped

o The construction sector (mostly non-documented) was swept away

Car dealers are closing down or across the city

The share of firms or time (which is a huge employer of Orlando) collapsed on the credit and financing conditions deteriorate.Thousands have been arranged in November 2008 alone.

o If there is a brighter side to the doom and gloom, it is probably in technology and health care, but data are not recent enough to still be determined.

Reply

Orlando, GDP crashing into a 10% fall in the local and the phrase is growing.

Orlando is a deep recession within six months and will most likely be in a depression economy. There is a backlog of data whenhappens when it has collected and published, but it seems that the writing on the wall for economic Orlando. you should plan accordingly for your company.

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Hotels Bathtub Refinishing - Hotels Bathtub Reglazing is Helping Retain Hotel Guests in a Recession

Hotels bathtub refinishing or hotels bathtub reglazing is helping hotel owners save money on costly bathroom renovations especially in a tough and tight economic time. Bathtub refinishing has become a big part of a hotel's bathroom renovation since it is only 20% of the cost of a typical bathtub tear-out and replacement. Importantly, in as much as the market is softening, hotels owners need to understand that now is not the time to ignore facility and room maintenance.

This is highly significant since guests expect clean surroundings and rooms with everything in working condition. They also require that bathtubs, sinks, countertops look almost like new in their bathrooms.

Here are the facts about the hotel industry:
As with the housing market, hotels in the U.S. are bracing for more foreclosures or bankruptcies this year. "Occupancy and revenue are expected to plummet this year. About 36% of full-service U.S. hotels will lack the cash flow needed to pay their monthly mortgages in 2009 vs. 21% in 2008," says Mark Woodworth of PKF Hospitality Research.

Bathtub refinishing helps to retain hotel guests in a tight economy.
Money for maintaining a facility is very hard to find in a recession. That is why it is very important to consider each of the money spending choices very carefully. There are two choices for hotel owners when it comes to their bathtubs during bathroom renovation: Reglaze the bathtubs or replace them.

Some points to ponder about bathtub replacement:
Bathtubs are installed during framing because they are huge and are framed in. The old tub can be broken up with a sledge hammer and taken out in pieces, but the new tub has to be squeezed in. That means removing enough tile and board behind it to deal with tipping the new tub in at an angle -- one end slightly higher than the other.

In addition, an old cast iron/porcelain tub weighs about 200 lbs and even the pieces are heavy -- yes, those broken ends are sharp. It's a lot of heavy work and requires some knowledge. After the demolition, the old tub pieces have to be taken to a landfill. At the end, the new bathtub may cost less than $300.00, but with all the tear-out and payments to a plumber, tile setter and disposal fees, tub replacement can cost up to $1500.00. The project may last a week or more.

On the other hand, bathtub refinishing is done in the bathroom and price range for tub refinishing is from $250 to $450 depending on the number of bathtubs refinished. The refinished bathtubs can be used by guests twenty four hours later.

Other hotels refinishing services:
o Pedestal sink
o Laminate or formica countertop
o Ceramic tiles
o Fiber glass and acrylic bathtubs and enclosures
o Cultures marble tubs
o Spot repairs of cracked tubs and sinks

As the economy continues to tighten, many hotels will be looking for ways to save money on bathroom renovation. Bathtub refinishing saves up to 80% of the cost of tub replacement.

Thanks To : MP3 Player vacationresortsandspa

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