Hotel industry has high hopes for tourism

June 05, 2008 12:03PM

The weak dollar is bringing in more and more foreign visitors to the hotel industry, experts and execs said at the 30th Anniversary New York University International Hospitality Industry Investment Conference earlier this week, where about 2,500 industry pros gathered. “Things are looking up, down, and upside down depending on what spectrum of the market you’re looking from,” said Michael Pomeranc, a principal at Thompson Hotels. Occupancy is up from last year and according to W Financial principal David Heiden, tourism will play an increasingly important roll as Wall Street slows down. 

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