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DLA Survey: Flatness Expected for Hotels

CHICAGO-Respondents to a survey released at this week’s ALIS conference by locally based DLA Piper reveals industry experts are less bullish about this year’s prospects.

By Robert Carr | Updated on January 24, 2012

CHICAGO-As 2,400 experts attended the first portion of the three-day Americas Lodging Investment Summit Monday in Los Angeles, locally based DLA Piper released a survey of their peers that shows most still are bullish on the industry in 2012. However, of the roughly 100 experts interviewed by DLA, fewer are favorable on industry fundamentals compared to 2010 estimates, the law firm tells GlobeSt.com.

In 2011, about 88% of a previous survey respondents were bullish on the hotel industry, according to DLA. This year the number of bullish responses dropped to about 80 respondents out of 100, says Sandra Kellman, global co-chairman of DLA’s Hospitality and Leisure practice.

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