NEW YORK CITY-Tuesday morning we covered the NYU Hospitality Conference and the opposing economic views of Mort Zuckerman and Jonathan Tisch, who lead Boston Properties and Loews Hotels, respectively. While Zuckerman took a skeptical view of where the economy was headed, Tisch was far more optimistic in his outlook.
But optimistic doesn't mean blind, and Tisch was frank in his assessment of how the global race for tourism dollars is being won by other countries. And while the private sector has made inroads, more can be done . . . both by the industry and federal legislation to put us on an equal footing with other countries, including China. He laid out issues we are addressing or need to address to grab a bigger percentage of the expected 800-million-passenger increase in air travel that he said is expected to come by 2016.
“It's clear that our future depends on us winning the competition that is to come,” Tisch told the packed house at the Marriott Marquis Hotel. “It is important for us to take a far broader view,” of the travel experience. That experience, he said, has to start as early as the trip-planning stage.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
