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The Influence of Leisure

SAN DIEGO-A panel of economists looked at what drives the hospitality sector, and the future looks leisurely.

By Ryan Clark | Updated on January 24, 2011

SAN DIEGO-The cavernous conference hall on the Sapphire level of  the Hilton San Diego Bayfront played host to the opening ceremony of the 10 Annual American Lodging Investment Summit. After some entry remarks from ALIS chair and BHN president James Burba, as well as president and CEO of the American Hotel & Lodging Association Joseph McInerney, a panel of economists blanketed the room with relevant, and somewhat, positive stats.

“The US is on the road to recovery, not double-dippers, but we’re not getting back to the way things were before,” Warren Jestin, SVP & chief economist, Scotiabank Group, posited to the crowd. He joined a panel of Steve Haggerty, global head, real estat and development, Hyatt Hotels Corp.; Gary Fritz, president, partner services group, Expedia, Inc.; Constantine Korologos, managing director Deloite & Touche; Mark Woodworth, president, Colliers PKF Hospitality Research; and Jan Freitag, director at Smith Travel Research. The name of the session was “Forescasting Has Been Tough The Past Couple of Years, But Is The Crystal Ball Getting Clearer?”

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