Some of the hoteliers even took a convivial tone with the often rancorous subject of online travel agencies (OTAs) and their higher room-distribution costs relative to hotel websites and agents. “I want as much demand as I can get, and I can decide how I can yield that demand,” Hilton Worldwide CEO Christopher Nassetta said in response to a question about OTAs. “It’s just about being smart about how you price and manage your revenue-management systems.” The optimistic sentiments were backed by Randell Smith, chairman and co-founder of Smith Travel Research (STR), who said room demand “has literally been on a tear since we came out of this downturn.” Get the full story at Travel Weekly