June 9, 2009
Hotel executives agreed that the “panic” throughout the industry has mellowed, and most believe a return to more prosperous times is closer than they previously assumed.
Mid-tier and budget brands, which have enjoyed a degree of insulation during the ongoing recession, may be particularly well-positioned, though most executives from companies with luxury brands also expressed optimism at New York University’s recent International Hospitality Industry Investment Conference.
Regardless of how quickly the hotel industry recovers, it can only mean brighter times ahead for meeting planners looking to book business-meeting facilities and rent hotel conference rooms for group events.
To view the full article, visit Travel Management’s site
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