The Conti Educational Series
The First Conti Syposium was held Tuesday, April 8th, 2003 in The Pavillion Theatre at Penn State's University Park Campus.
The tragic events of September 11, uncertainty in the Middle East and the sputtering U.S. economy have wreaked havoc on the hotel industry during the past 12 months. With people having greater concerns about traveling and less money to spend on it, the demand for hotel rooms has decreased significantly and hotel revenues and stock values have plummeted.
Although hotels will most likely continue to struggle over the next 12 to 18 months, a slowdown in supply growth and prospects of a stronger economy should help the industry rebound by 2004 or 2005. The future also looks bright for those willing to make a long-term investment in publicly held lodging companies.
These were the opinions recently shared by industry experts who served as panelists for a symposium sponsored by the Penn State School of Hospitality Management. The symposium, “Wall Street’s View on the Hotel Industry—An Operator/Analyst Perspective,” gave the panelists and an opportunity to explore and analyze the most critical issues facing the hotel industry today.
Vice President, Bear, Stearns and Company, Inc..
Lance T. Shaner
Chairman and CEO, Shaner Hotel Group LP
William J. Shaw
President and Chief Operating Officer, Marriott