Following a rollercoaster ride of challenges and triumphs, the hotel and lodging sector appears poised to transition into a phase of stability, primed to seize opportunities for ongoing expansion. With inflation on the decline, concerns about a recession are diminishing, and the pace of supply growth remains subdued, signaling a cautiously optimistic outlook for the industry. Amidst a tempered economic climate in 2024, advancements have gained momentum, and enterprises are enthusiastic about leveraging the present circumstances.
Read the full report with insights on the state of the hotel and lodging industry.
Download BKS Partners Hotel & Lodging State of the Market – 2024 Outlook
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