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Suraj Bhakta doesn't sugarcoat the moment. He sees a strong Q1, then watches geopolitics and travel costs squeeze demand again.

No Vacancy is the official podcast of AAHOACON, and I talked with Suraj Bhakta of New Gen Advisory on the show floor about how owners react when the Fed shifts, travel gets expensive, and buyers and sellers hit pause.

📈 Suraj says he saw a strong first quarter, then geopolitical issues started weighing on activity ✈️ He points to Sun Belt impact: less Canadian and overseas traffic in some areas 🏦 He expects a standstill if rates don't fall—sellers don't see replacement deals, and buyers wait 🔄 He calls it a conversion market, with opportunity in economy and midscale as brands roll out new tiers 🧠 He says owners stay resourceful, and tech/AI keeps moving to the front of the conversation

Thanks to Red Roof for letting us shoot this on the show floor.

Want the weekly roundup of news, videos, and what you might've missed from #NoVacancyNews? Text HOTEL to 66866.