So, how is the economic downturn affecting hotels?
David Scypinski, senior vice president, industry relations, Starwood Hotels and Resorts, is cautiously optimistic. “We are seeing slowdowns in selective locales,” he says. Individual travel, particularly in first-tier cities like San Francisco and New York that had been reaping the benefits of the tech boom, is being affected. “We've actually seen less of an effect on meetings than on business travel.