Despite a very strong year in terms of demand and profits, Europe's economic woes and an impending election have some operators worried about continued success.
Hoteliers and industry analysts at this week’s New York University International Hospitality Industry Investment Conference here expressed a combination of optimism and concern over a travel-spending rebound.
Smith Travel Research Chairman Randy Smith, speaking to an audience of about 2,000 attendees, alluded to an industry “sweet spot” in which rising demand and little-changed supply is pushing hotel room rates toward levels they reached just prior to the Great Recession.
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