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5 things to know: 28 June 2017

From the desks of the Hotel News Now editorial staff:

  • IMF cuts US growth numbers; UK warns banks on debt
  • Worldwide cyberattack raises fears of more to come
  • Summit’s Hansen still gung-ho on acquisitions
  • Toronto Trump hotel erases president’s name
  • 4 July US gas prices stun energy analysts

Convention center hotels boost both supply, demand

Convention center hotels add to the raw supply numbers for a market like any new property would; since their purpose is to help induce new demand, their overall impact on the supply-demand dynamic is more complicated.