Peter Yesawich
Peter Yesawich
ahead august bad book business clear gets group hard hotel inventory leisure market meeting news october orleans package planners steer
Once New Orleans gets its hotel inventory back up, the leisure market will come back pretty quickly. The bad news is that meeting planners who book group (meetings and conventions and package tours) business years ahead of time, will steer clear of New Orleans between August and October for years. That will be very hard to overcome.
fastest york
New York rebounded the fastest of any (city) in the country.
enhancing expect five harder hotel nicer operators past people room seven spent
People expect to see something a little nicer in a hotel room than they have at home. During the past five to seven years, people have spent a lot on enhancing their homes. So it is harder for hotel operators to keep up with things that people have installed in their own houses.
convention denver given hard hit national opportunity
Obviously, that's where the opportunity is for Denver, given the new convention center. It catapults Denver into the national spotlight. I'd hit the accelerator hard on that.
level market matured sign support
It's a sign that the market has matured sufficiently to support that level of product.
challenge good news spend vacation
The good news is that they're still going to vacation. The challenge is they're going to vacation differently. We're going to find that more and more they will spend less.