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Still Great in '08

Published Tuesday, January 01, 2008

Like it or not, the fate of the U.S. hotel industry has always been, and probably always will be, tied to the U.S. economy. Even when the industry occasionally tries to self-destruct through overbuilding, it's the health of the overall economy that ultimately controls its success. It's not surprising, then, that many in the industry wonder what's ahead for hospitality in light of the economic warning signs that have surfaced in recent months. While the big concern is an economic recession, Cornell University Professor Jack Corgel doesn't think it will happen. At a recent Cornell School of Hotel ...

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