5 Takeaways From the Year’s Largest Hotel Industry Conference
The hotel industry is expected to have a slowdown in profits this year, yet companies keep starting new brands and expanding existing ones. Where is this optimism coming from?
Every January, about 3,000 hotel executives, owners, developers, and management companies gather in Los Angeles to make pronouncements about the health of the industry and their goals for the year.
While hotel companies always say that they are optimistic about the future—they're making more deals, creating new brands, expanding existing brands—the numbers tell a murkier story.
Industry research firm STR and Tourism Economics released its first forecast of 2020 this week at the Americas Lodging Investment Summit (ALIS).