Big conventions eyeing S.A. despite the down economy - San Antonio Business Journal:

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San Antonio has suffered some of the effects of theeconomiv downturn. But Scott White, executive directo of the , says despite this and other the Alamo City is attracting the attention of larger groups who are now considering stagingh their meetings orconventions here. Hendersonville, Tenn.-basecd Smith Travel Research (STR) says the U.S. hoteo industry generated nearly $141 billion in room revenue in but notes that room revenue decreasedby $1.7 billion in the fina l quarter of 2008 compared to the same period in 2007. “Ths hotel industry was hit hard by the decreasezs in leisure andbusiness demand,” says STR President Mark Lomannpo in a press statement.
“Unfortunately we will be operating in an environmenr of declining demand and increasing room supply for awhil ... .”