Thousands of hotel executives, developers and owners flocked to Phoenix earlier this month for the annual Lodging Conference. 

Across panels and breakout sessions, hotel leaders discussed the economic challenges the industry is facing, citing geopolitical shocks and rising costs as some of this year’s greatest hurdles. 

They also expressed optimism for the year ahead, sharing a belief in the industry’s resilience to withstand such pressures. On the development front, conversions, as well as extended stay and luxury properties, present opportunities for growth. 

Artificial intelligence was also top of mind for speakers and attendees: As more travelers turn to AI to plan their trips, industry leaders emphasized the importance of embracing the technology and learning to compete in a new search environment. 

Hotel Dive was on location, speaking to executives to gain insight into their strategies for the year ahead. 

Below is a roundup of key takeaways from the event. Next year’s Lodging Conference will take place Sept. 27-30 at the JW Marriott Phoenix Desert Ridge Resort & Spa in Arizona.