The housing crisis and soaring energy prices are a concern for the hotel and restaurant industries, and CEOs are already feeling the effects.
With home values decreasing and gasoline around $4 a gallon, Jonathan Tisch, chairman and CEO of Loews Hotels , is concerned that travel will become an afterthought.
“We’re starting to see the middle of the country get a little bit soft, the coasts are still holding up for us…but it’s problematic,” said Tisch. “It will definitely have an impact on travel and tourism, especially in this country.”