Is Travel Biz Still Recovering?

After seeing signs of improvement in the travel industry at the start of the year, conditions are beginning to get a bit murky.

It’s too soon to tell whether the weakening demand was the result of travelers opting to take advantage of a stronger U.S. dollar and travel to Europe, or if it is a reflection of a more cautious consumer.

John Scott, president and CEO of Rosewood Hotels & Resorts told MSNBC that travelers – even affluent travelers with higher incomes – remain very focused on value.