D.C.-area meetings business is feeling sequestration

05/6/2013 | Washington Post, The

According to Patrick Scholes, an analyst at SunTrust Robinson Humphrey in New York, the hotel meetings industry on the whole is up -- except in Washington, D.C., where sequestration is having a negative impact. "During the second quarter, we have seen minor impact, all of which has been outside of Washington, D.C. Within D.C., we are being told by contacts that decision making surrounding booking government business has gotten more stringent, and as a result, government leads are generally down for the remainder of the year," noted Michael D. Barnello, chief executive of LaSalle Hotel Properties, which owns the Sofitel Washington and the Lansdowne Resort in Leesburg, Va.

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