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The Occupancy Problem

SAN DIEGO-The big brand panel was downright bullish on North America and lodging, but there is the lingering issue of occupancy.

By Ryan Clark | Updated on January 25, 2011

SAN DIEGO-“There seems to be a very broad economic recovery underway,” stated Arne Sorenson, president & COO of Marriot International, during a big brands panel discussion. “Yes, there are structural issues.” These could become obstacles to recovery if they arise, he noted, but he is optimistic about lodging’s next few years.

The panel, labeled “Hotel Leaders Outlook – The Big Brands’ Perspective” was moderated by Scott Berman, principal, Pricewaterhouse Coopers and joining Sorenson on the panel were: David Kong, president & CEO, Best Western International; Raymond Bickman, Taj Hotels; and Frits van Paasschen, president & CEO, Starwood Hotels & Resorts.

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