News for the Hospitality Executive
Good Times Ahead or More Headwinds?
May 18, 2012 - There is a lot of discussion these days as to whether the industry is headed for good times or bad. Let's start by saying that without getting into the minutiae of monthly employment and housing numbers (you can interpret these any number of ways), there are two groups of thought right now.
In the "Glass is Half Full camp" we have the arguments of slow but steady economic growth, a reduction in gas prices, a positive supply demand curve, and (so far) excellent metrics for the 1st Quarter. On the "Glass is Half Empty Side" we have European worries, a slowing of GNP, continuing unrest in the Middle East unrest, and a belief that recent RevPAR gains will be short-lived.
optimist is Harry Javer, co-founder of The Annual
Lodging Conference held at The Arizona Biltmore. According to Harry,
5 months to go before this year's 18th Annual Lodging Conference, we
ahead on registrations, and have only 4 exhibit spaces remaining. I
producing shows for 30 years. I attend dozens of industry events, both
outside of the hotel sector, so I can tell you that there is no greater
indicator of (hotel) industry sentiment than conference attendance. In
times, or uncertain times, companies cut back and attendance shrinks.
there are some macro-economic factors that we all need to take heed of,
industry movers and shakers are attending conferences again so that
bullish in the hotel industry. There may be a few small bumps ahead,
overall, I'm optimistic.
information on The Lodging Conference 2012, please visit www.lodgingconference.com.
President, The Conference Bureau, Inc.
119 West 72nd Street, # 336
New York, NY 10023