2023: A Year of New Challenges and Opportunities for Hoteliers

The hotel industry has moved on from many challenges that have plagued it since the COVID-19 pandemic, but new challenges and opportunities have presented themselves in 2023. Carrying on from 2022, markets continue to deal with the highest cost of debt in decades, but the fear of a recession has receded, and the possibility of a “soft landing” from 40-year high inflation growth may be a reality. The industry remains flexible to the needs and desires of guests and continues to pivot to meet the challenges of the future.

Related Keywords

Florida ,United States ,Canyon Ranch ,California ,Virginia ,Orlando ,San Francisco ,Georgia ,Copenhagen ,Køavn ,Denmark ,Georgia World Congress Center ,China ,Texas ,American ,America ,Americans ,Hilton Atlanta ,Geoff Ballotti ,Global Wellness Institute ,Best Western ,Marriott International ,Agilysys ,Visa ,Georgia Convention Center Authority ,Hotel Technology ,Villa Copenhagen Hotel ,Georgia World Congress Center Authority ,Properties Inc ,Amelia International ,Lake Nona Wave Hotel In Orlando ,Stay Properties ,Federal Reserve ,Park Hotels ,Pacific Investment Management Co ,Ashford Hospitality ,Global Travel Intentions ,Latin America ,Asia Pacific ,Investment Management ,Ashford Hospitality Trust ,Growth Insights Dashboard ,Oracle Hospitality ,North American ,Nona Wave Hotel ,Wellness Institute ,Federal Funds Rate ,Financial Deals Database ,North America ,Trinity Investments ,Westin Maui Resort ,Savannah Georgia Convention Center Authority ,Indianapolis City County Council ,Hilton Indianapolis ,