I'm still not at ALIS — snowstorms and airlines had other plans — but that doesn't stop the conversation. This episode of #NoVacancyNews brings Day 2 coverage straight from Los Angeles.

Our roving reporter is Bruce Ford, SVP at Lodging Econometrics, reporting live from ALIS while I hold down the Haussman Resort Pool Club & Smokehouse under about 10 inches of snow.

Bruce and I talk through what keeps coming up in conversations right now — not panic, not optimism, but a sense that the industry has landed on a plateau and hasn't figured out the next move yet.

We cover: 🏔️: Why forecasts for 2026 feel muted 🔄: How this cycle echoes 2003 more than people admit 🛠️: Why renovations and conversions keep winning 💻: Where owners actually spend money on technology ⚽: How the World Cup may help some cities — but not everyone

It's a practical check-in from the floor, with a little Jets trauma and snow shoveling mixed in.