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After so much focus on managing through the recession, hospitality and gaming companies must now prepare for recovery. Regardless of when the recovery takes hold, most experts agree that the way we do business must change. In the emerging economy, the winners will be those companies that learn from the recent past and incorporate the lessons learned into their business models. How can hospitality and gaming companies take advantage of current economic trends and better manage future investment and pricing strategies? This was the topic of a Webcast sponsored by the Cornell University Center for Hospitality Research and SAS. This paper provides a summary of that Webcast.