Hotel Earnings Season Viewpoints From Top Bank Analysts
Skift Take
Overall, analysts at investment banks like what they hear from public hotel companies about their financial performance in the near term. But the lookout for 2024 is uncertain.
Early Check-In
Editor’s Note: Skift Senior Hospitality Editor Sean O’Neill brings readers exclusive reporting and insights into hotel deals and development, and how those trends are making an impact across the travel industry.In the next few weeks, the largest hotel companies will report their financial performance for the first quarter and provide a glimpse of future trends. Here's a survey of expectations based on recent reports from investment bank analysts.
A "Goldilocks" hotel market ...?
In the tale of Goldilocks and the three bears, the happy outcome is that the porridge isn't too hot or cold. Similarly, a Goldilocks hotel economy would be one where supply and demand are just right. Some research analysts think a Goldilocks outcome is possible for hotels. Analysts at investment banks seem to be counting on two things happening this year. First, the central banks will tame inflation without many more interest rate increases. Second, we'll dodge a recession in most markets. Or else we'll have a recession that will be so shallow that pent-up demand for travel — including fresh demand from Chinese tourists resuming international travel — will more than compensate for it.
