PHOENIX-Some offered rosy forecasts, others were cautiously optimistic while a third camp reported market changes. That's how one might describe the views and the backdrop for ideas expressed Thursday at the second day of the Lodging Conference here.
“I'm absolutely more confident about the economy,” said Brian Silberman, VP, CBRE Hotels. “It's like we're on a train going 60 miles per hour, and even though there are blips out there, I think we'll motor on to 80 to 100. I think it's going to be a good ride.”
In fact, he added, “I think industry growth will continue for four more years, maybe even five, not just for the two or two and a half years that some people are predicting, because—other than in a few select markets like NYC—new supply is still lagging demand in 90% of the markets, and I believe it will continue to lag for another few years.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
