Hotel industry outlook is bright, speakers at NYU event say

06/5/2013 | Hotel Interactive

Things are quite peachy in the hotel industry, according to speakers at the NYU International Hospitality Industry Investment Conference. With room pricing back up to peak, financing available for development projects and demand for hotel rooms surging, things haven't been this good since before the recession. "I think we are at the tip of the iceberg for an explosion for travel and tourism to last the rest of our lives and our children's lives. It’s the result of emerging markets like Southeast Asia and Latin America. As they grow and invest in infrastructure and lower cost airlines emerge these folks want what the rest of the western world wants; televisions, cars and to travel. There is a huge array of opportunity for our business in [the] coming decade," said Christopher Nassetta, CEO and president of Hilton.

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