The biggest threats to a full recovery of the worldwide hospitality market?
Terrorism attacks, said 51%. The economy, said another 35%.
There were no surprises when executives attending New York University’s 26th Annual International Hospitality Industry Investment Conference were recently surveyed.
On a more positive note, a majority of 62% said overall recovery of occupancy and ADR to 2000 levels is only one to two years away.
“Our survey found this group cautiously optimistic, but still worried about the specter of terrorism and a lagging US economy on the industry’s recovery,” said Lalia Rach, associate dean of the NYU Tisch Center.
Report by David Wilkening
