Well here we are people, it’s that time and we haven’t scored as of yet. It was supposed to be a good year, but that has been slow to happen. Is going into the second half going to be the same, or are we going to score? So far some aspects have been better than others, but not by much. Hospitality financing is still very tight as of this moment. I have to wonder if we actually got our numbers right. I see that some markets are barely holding their own, as opposed to last year. The luxury market seems to be moving.
We did see some huge buyouts – Blackstone purchased Motel 6 and plans to expand and probably make some changes. Shell Hospitality also changed hands. Dubai now has the largest or tallest hotel. The luxury market has surged upward, but if we have another downturn it will be the first to suffer. We really have to pay very close attention to where we expect to go and how we are going to get there. We need to make sure that the people who are in control of the industry are the best we have. I say this for there is a strong tendency to play follows the leader in this field. Who is the leader? And if this is the leader, is he/she right? Read more:
Published in: http://ehotelier.com
By: Alan Campbell