Skift Take
Analysts at investment banks expect to hear broadly upbeat news from public hotel companies in the next few weeks, even though company revenues haven't returned to 2019 levels.
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.
During the next few weeks, public hotel companies will report their financial performance for the second quarter. Here's what analysts at investment banks are watching.
Investors will parse results to project when sector revenues may return to pre-pandemic levels.
A recovery in group and business travel, along with a revival of international travel, plus steady hotel development and conversions, are all keys to a full recovery. Hotels in the U.S. made $168 billion in sales in 2019 but aren't projected to return to that until 2024, according to the American Hotel and Lodging Association.Probing for signs of demand weakness. Signals seem mixed.
Analysts expect to hear executives at the large hotel groups say that there's an ongoing recovery in group and business travel partially offset by a modest softening in leisure travel. "Relative optimism" was the phrase analyst C. Patrick Scholes and Gregory Miller used in