Bjorn Hanson, a clinical professor at the New York University School of Professional Studies Tisch Center for Hospitality and Tourism, releases an annual report on corporate negotiated rates. Though his report doesn't come out until August, he told me that right now he anticipates the balance of power will shift more in favor of buyers than last year. "Buyers are feeling that their position is stronger than last year, and sellers' view of the world is that occupancy is the highest it's been since 1984," he said. "It's a complicated environment." At the recent NYU International Hospitality Industry Investment Conference, top hotel executives all but dismissed the idea that the good times are over for the industry. CBRE Hotels senior managing director Mark Woodworth has an expression that I heard repeated during the conference: Just because we've reached our peak, doesn't mean the cycle's over. Maybe hoteliers are right. According to Woodworth, there are five things that, when combined in some quantity, typically spell the end of the hotel industry's prosperity: Economic weakness, asset price bubbles, unanticipated developments, high energy prices and oversupply. Get the full story at Business Travel News