Hotels: The Current Situation and Future Probabilities

At a Hospitality Sales & Marketing Association International (HSMAI) and the New York University Tisch Center for Hospitality, Tourism and Travel Administration "Executive Think" interactive conference on October 17 in New York City, Mark Lomanno, president of Smith Travel Research, noted that there were certain dynamics in the marketplace before Sept. 11 with demand having begun to decline five months prior. Lomanno also noted that as a result of September 11th, major metro areas are