Will Guests Notice As Upscale Hotels Shed Workers To Survive?
It's arguably the most important gathering of the year for the industry, where the top execs of the USA's major hotel-brand companies, hotel owners, investment bankers and other industry movers and shakers go to rub elbows and (in better times) do deals. Not surprisingly, the tone this year was a bit on the depressing side as people pondered whether travel demand has hit bottom yet (answer? probably.) One of the other constant themes was the lack of access to capital, which is rippling through the industry in meaningful ways such as smaller hotel payrolls.