It’s better if you don’t look right now. Avoid the urge to stop and turn to see what’s bustling in the hedgerow. It’s OK to peek, but the focus should be ahead on the things you can control.
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Paramount Lodging Advisor Senior Managing Director Sanjeev Misra(+) Read Full Version
Published in Biznow.com on April 5, 2010.
”The downtown Chicago market has been impacted heavily by the macro-economic factors affecting the entire country as well as supply growth leading up to the downturn in 2008. Independent and boutique hotels have experienced less of a decline in occupancy than their branded competition but have suffered much greater declines in rate. Our panelists gave us real-world examples of how the declines in revenue their hotels have experienced have impacted their ability to maintain capital expenditure budgets at the levels normally expected by the brands as well as the traveling public”
- Mark Heisler
Managing Director, Paramount Lodging Advisors