"Cautiously bullish" the new term to talk about the future
A panel at the 2023 Hunter Hotel Investment Conference discusses travel demand and development concerns facing the industry
The pandemic, supply chain, inflation, higher interest rates - it just hasn’t broken the will of people to travel, hasn’t broken the will of the hospitality industry. Demand is near record, rates are at a record, global travel is actually just resuming in most of the world.
Key takeaways
- People are traveling - no rate ceiling, they want their experience and they’re willing to pay for it;
- Concerns are dismissed that high inflation and interest rates could perturb travel demand from lower-income travelers;
- Hotels catering mainly to the business travelers are still lagging since the onset of the pandemic.
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