Here's one of the best roundups I've seen yet about how the credit crunch will affect the U.S. hospitality industry. Written by hotel legal eagle Jim Butler, it includes thoughts both optimistic and pessimistic. For planners, I thought this was a key note:
If it's not happening already, I expect to see rates slipping in second- and third-tier cities any day now. I'm also hearing more and more talk about the return of the buyer's market overall. We'll see.