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Steve Belmonte, president of both Lexington Collection and Hospitality Solutions, recently told me about a conversation he had with Tom Corcoran, founder of FelCor Lodging Trust and chairman of AH&LA, while the two dined during the NYU Conference. In that conversation, the two hospitality industry experts agreed that this is the first time they were unable to wrap their head around a downturn and how soon the industry would rebound. Belmonte said he hears analysts say this is simply another dip in the timeline, but fears there are deeper fundamental issues.

What do you think? Vote in our first HotelTalk poll to the right. We'll discuss the outcome at a later date.