Search
 

Tisch: US Needs Competitive Edge

NEW YORK CITY-Jonathan Tisch is bullish on the economy. But he's realistic in his view of where we are lacking. With some $95 billion in lost travel revenues coming from a poor Customs process alone, he needs to be. The second of a two-part article.

By John Salustri | Updated on June 04, 2013

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.