LODGING Live at Hunter Conference: Hospitality Will Defy Economic Gravity Despite Likely Mild Recession In ‘23
While acknowledging a “mild recession” is likely in ’23, economist Adam Sacks nonetheless delivered generally positive news for hospitality during the keynote session at the Hunter Hotel Investment Conference vowing “we can get back to normal” in terms of room demand. Sacks—who is president of Tourism Economics—answered the question posed in the title of the session, “Can the Travel Industry Defy Economic Gravity?” with a resounding “yes.” He cited four primary reasons for his contention […]
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