Hotel CEO's: Slow Recovery Will Prolong Lodging Seller's Market | businesstravelnews.com
Hotel company chief executives speaking here on Monday at New York University's International Hospitality Investment Conference said they see little threat to the hotel seller's market enduring for the foreseeable future, despite a particularly gloomy economic prognosis shared by one prominent real estate mogul. "We're in a very healthy part of the cycle," said Hilton Worldwide president and CEO Christopher Nassetta. "We'd all like to see demand growing even faster in the economy, if Washington would let loose a little bit, but the reality is the economy is growing positively, demand as a result is growing nicely and supply is rising but at the lowest levels we've seen in decades."