Where We Are Headed in Lodging Webinar

Lodging demand has had a choppy start to 2024, with 1Q performance negatively impacted by bad weather, holiday shifts, and softer underlying leisure demand. U.S. hotel demand has declined vs. prior year for 10 consecutive months through March, while price growth has been stable at around 2%. Several macro trends support travel growth in 2024, including spend on experiences vs. goods and growing international inbound. When does hotel demand growth start to accelerate? Can leisure/weekends return to growth? Group events has been a source of strength… what do bookings suggest for the next 12 months?

Join the CRC Team on Thursday, May 23 at 1:00 pm ET as we walk through the latest travel industry dynamics during our Where Are We 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 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’ 1Q results and 2Q & 2024 outlooks

Q&A will also be available with the CRC 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.

Matt Varabkanich

Senior Research Associate

Cleveland Research Company

Matt is a Senior Research Associate at Cleveland Research Company specializing in the travel sector, with a focus on identifying inflections across the lodging, short-term rental, online travel, and cruise end markets. His team provides in-depth financial analysis and proprietary surveys to generate unique research for investors and industry partners.

Matt holds a Bachelor’s Degree in Finance, with a minor in Analytics from Miami University in Oxford, Ohio.