Resilience of travel popular subject at NYU Hospitality Conference
Traveler behavior changes, as it has in the past, but the industry has been changing to keep pace with these new demand patterns
The resilience of travel has been a popular subject at the 2023 NYU International Hospitality Industry Investment Conference, with executives suggesting the desire people have to travel will overcome even the macroeconomic issues at play.
Key takeaways
- The industry is seeing leisure demand pull back a bit, but that's more demand levels returning to normal than any kind of drop that should cause concern;
- While a decline in demand of any kind means less business, hoteliers are taking some comfort from the fact that group and corporate demand are coming back, and more international inbound travel in the future;
- The lending environment is not going to go back to the way it used to be, potentially with private equity and other alternative lenders will fill the financing holes left behind by banks.
Get the full story at HNN