6 Themes for Hotel Earnings Season
Skift Take
Expect analysts in the next few weeks to be eyeing the group bookings recovery, Europe's energy supply shock, hubris about property pipelines, currency turmoil, China's fragility, and opportunities in lifestyle properties.
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.Public hotel companies will in the next few weeks report their financial performance for the third quarter, providing a glimpse at future trends. Following are a half-dozen topics likely to command the attention of hotel investors and owners.
Group bookings recovery
Group bookings for meetings and events will be a number-one concern. Leisure travel led the recovery toward the pre-pandemic 2019 level. So any further growth for hotel revenue and profit may depend on a recovery in group business because it's the category with room left to run.Most likely, hotel companies will report positive and promising signs for group bookings.Europe's energy shock
An energy supply shock will lead to cost inflation for hotel operators, and the question is how much.At Paris-based giant Accor, energy typically accounts for about 8 percent of total costs but that could rise as high as 25 percent in a worst-case scenario, said CEO Sébastien Bazin at a conference in Ital
