Source: Hotel News Now
By HNN editorial staff
January 29, 2019
The 2019 Americas Lodging Investment Summit kicked off Monday with conversation about big-picture travel, economic trends and where the United States hotel industry fits into that scenario. Talk of the recent partial government shutdown, employment, labor and tourism challenges dominated the conversation, which will set the stage for the rest of the conference.
The overall mood among the industry is one of pragmatism: Hoteliers know what needs to be done to maximize their business and they’re doing it. The 3,000 ALIS attendees are talking deals and sharing their concerns and hopes as they continue to ride this nine-year cycle. Many are waiting to see how the economy shakes out during the first quarter of 2019 before making big moves, but everyone is laying the groundwork, as hoteliers acknowledged the industry is well into a recovery that will continue to change and adjust, though not necessarily for the worse.