Goldilocks recession bodes well for future hospitality investment
We look set for a Goldilocks recession, not too deep and not too long. Whether it is about right depends on how deep you were in porridge – sorry, debt – at the start.
We look set for a Goldilocks recession, not too deep and not too long. Whether it is about right depends on how deep you were in porridge – sorry, debt – at the start.
We have endured the mother of all supply shocks (Covid restrictions followed by a European war) but the economic recovery has been swift and this year looks set to see “normal” economic conditions for the first time since the Global Financial Crisis that hit at the end of 2008.
The Hotel Yearbook 2023 - Annual Edition
As we have embarked on 2023, it is evident that the hotel industry has made a robust recovery from the
pandemic.
Occupancy and pricing have returned to their pre-pandemic levels. However, the future of our
industry is contingent
on how nimble the hospitality sector can be in adapting to ongoing innovation, changing market
conditions, evolving
consumer preferences, new staffing challenges, and sustainability realities. These uncertainties are
the new normal
in an unpredictable world.