US recovery is a ‘fragile’ one, travel industry panel says | hotelnewsnow.com

Travel industry experts who were gathered at IHG’s Americas Investors & Leadership Conference last week provided a sober look at the factors affecting recovery for the hotel industry. “There is no question that the worst is behind us; where we were a year ago in terms of financial stress, we’re through it,” said Adam Sacks, managing director of Tourism Economics, a division of Oxford Economics. “… But there’s been a lot of damage done. The recovery that we are in the midst of is a fragile one.”