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While the euro "has been a concern" for travel, the sector should resist currency pressures in a year that is shaping up to be strong, a vacation rental executive said Tuesday.
"Europeans do tend to travel even though we do sense some pressure," Carl Shepherd, co-founder of HomeAway, told CNBC's "Squawk on the Street " from the Americas Lodging Investment Summit in Los Angeles.
HomeAway, which rents apartments or other residences to travelers, conducts about 40 percent of its business outside of the United States, Stepherd said. The company has attempted to make its business "FX neutral" to reduce the risk of currency volatility, like the euro's recent move lower against the dollar.
Currency volatility won't hamper a 2015 in which hotel occupancy rates are expected to hit records, he said. But other factors, including a winter storm that hit parts of the East Coast on Monday and Tuesday, put a slight damper on the conference's upbeat mood.
The storm created issues for Virgin America, CEO David Cush said from the event on Tuesday. It had to cancel about 100 flights over three days and had trouble getting some workers, many of whom had been told to stay home, to airports.