
Travel
May 22, 2025
11:00 am
Quarterly Travel Insights Webinar
The tone on the U.S. lodging industry has softened over the last 60 days driven by softer leisure travel, pressure in government-related demand from Fed spending cutbacks, a bit softer corporate, and meaningful declines in international inbound U.S. visitation. Total U.S. RevPAR growth slowed to 2.2% in 1Q (from 3.7% in 4Q) with ADR growth stable (up ~2%) and demand growth (up ~1%) decelerating from strong 4Q levels that were supported by one-time factors.
Are domestic leisure trends showing any improvement heading into the key summer season? Are group bookings in non-government related segments (corporate or social group, etc.) holding up through the rest of the year? What do corporate travel bookings suggest for the next few months? What is most likely outcome of changing international tourism flows?
Join the CRC Travel Team on Thursday, May 22 at 11:00 am ET during our Quarterly Travel Insights Webinar.
We will be discussing:
- Current macro trends’ impact on the lodging sector for 2025
- Real-time insights from our May lodging survey on Q2 trends & 2H outlooks
- Trends across the airline, cruise, and short-term rental sectors
- Themes from public travel company Q1 results and 2025 outlooks
- Updated CRC forecasts
Q&A will also be available with the CRC Team, so we encourage you to share this with other members of your organization.
Registration includes access to the slide deck and audio replay we’ll send out afterwards.
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.