Where We Are Headed in Lodging Webinar
3Q hotel demand remained flat compared to last year as leisure declines offset growth in corporate and group. Price growth was fairly stable, up 2% vs. last year with growth entirely driven by Mon-Wed gains as Thurs-Sun trends have flattened out. Is total hotel demand growth more likely to accelerate or decelerate going into 4Q and 2024? Can leisure return to growth amidst all the uncertainty on the macro front? Group has been the source of strength… what do bookings suggest for the next 12 months?
Join CRC’s Travel Team on Thursday, November 16 at 1:00 pm ET as we walk through the latest travel industry dynamics during our Where We Are Headed In Lodging Webinar.
CRC will highlight key themes currently impacting your industry. We’ll also take an in-depth look at the following topics:
- Macro backdrop and lodging sector outlook for 4Q & 2024
- Takeaways and data from our latest proprietary monthly lodging survey
- Demand path for airlines, cruise lines, and short-term rentals
- CRC’s forecasts by travel segment, hotel chain, region, and demand segment (leisure, corporate, group)
- Travel companies’ 3Q results and 4Q & 2024 outlooks
Q&A will also be available with the CRC Travel Team, so we encourage you to share this with other members of your organization.
About the Presenter
Vince Ciepiel, CFA
Senior Research Analyst
Cleveland Research Company
Vince is a Senior Analyst and Partner at Cleveland Research Company covering hotel, cruise, online travel agencies, and luxury brands. Prior to his current role, Vince was a Research Associate covering the environmental and oilfield services. Before joining CRC, Vince had internships in trading at Deutsche Bank in New York and as a Hedge Fund analyst at AJS Capital in Boston.
Vince received a B.S. in finance and decision sciences from Miami University. He is a CFA® charterholder and member of the CFA Institute.