Hotel CEOs Lament Softening Demand, Foresee Some Discounting

Are there going to be more layoff's in the hotel industry? Will the major chains be able to weather this short fall? Where does this leave the smaller independents? Is there going to be a rainbow in the near future - how long will this last??

As consumers cut travel and look locally for leisure pursuits, the hospitality industry has to adjust its marketing and offer specials for more local targeted audiences.  With increasing capacities for both hotel rooms and food and beverage establishments, room nights and dining room tables can be filled with consumers looking for a family dining deal, a romantic night away from the kids,...

The hospitality industry is and will be facing an increasingly tight market in which to operate

All key metrics are still up (occupancy, demand, supply, average daily room rate), but what impact  will the economic downturn and reduction in airline supply have on the hospitality industry? Air travel represents less than 12% of all travel in the US today by Americans, yet all tools in the industry are air-traveler centric. Hospitality executives cite reduction in weekend demand and softening...