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ATLANTA: Hilton CEO Blasts Debt Ceiling Debate
The market is finally leaning in favor of hoteliers—assuming Washington can halt its dysfunction, we heard yesterday from Hilton Worldwide CEO Chris Nassetta. At the Hunter Hotel Investor Conference in Atlanta this week, Chris told the crowd that the hotel biz is "in a very sweet spot," with increased room demand across all markets. But the debt ceiling debate hurts economic growth, and next year, it'll be back. "It's like Groundhog Day," he says. We asked Chris which Hilton markets showed the strongest rebound (San Francisco and Hawaii) and which was the most stagnant (NYC, where new supply has tempered room rate hikes).
