Mark Woodworth and Jack Corgel discuss recent pessimism in the lodging industry and what to expect for the balance of 2015 and 2016. Mark then gets Jack's opinion on recent trends in labor costs for hotels. PKF Consulting, USA (www.pkfc.com), a CBRE Company, is an advisory and real estate firm specializing in the hospitality industry. PKF Hospitality Research is the research affiliate of PKFC. The firm has offices in New York, Boston, Indianapolis, Nashville, Chicago, Philadelphia, Washington DC, Atlanta, Jacksonville, Tampa/Orlando, Houston/Dallas, Los Angeles, Bozeman, and San Francisco.