Asset managers express industry outlook

The consensus among members of the Hospitality Asset Managers Association seems to be that labor and Airbnb are the largest threats to the hotel industry at the moment, according to a series of video interviews held at the organization’s recent spring meeting.

Asset managers also shared some tips on how hoteliers can cut costs on property to preserve profit margins, including leveraging technology to more inexpensively offer amenities and services and working with employees to improve efficiency.