At the start of 2023, despite rising inflation and higher interest rates, the hotel industry was cautiously optimistic. In 2024, strong travel fundamentals are expected to off-set a stalling economy. RevPAR growth is forecast at 4.1%.
With these forecasts and lodging trends in mind, here are 4 critical thinking questions applied to the lodging sector. See if you think these will help your team take proactive management action:
