What's overbuilt are the massive convention centres. There are still lots of small meetings that require space, and all I am saying is that if the Westin still needs it, it would have no trouble getting space in a redeveloped Westin Convention Centre site. The bridge that's there now could always be rebuilt, and whatever goes up across QQ from the Westin in the future will still likely be connected to it by a skywalk.The convention business in North America is a complete disaster. Demand for space is lower now than 15 years ago, yet convention space has increased 50% in that period, growing every year, often through white elephant city government financed projects. The supply has so massively outstripped demand that there is almost no way to make money from that business. It's quite well documented and I don't know why he would say it would really hurt them to lose it.It is almost certain that extremely outdated space is a massive financial sinkhole they should be desperate to unload.
42