Did You Miss the NYU 2018 Hospitality Conference?

hotelAVE | June 8, 2018

Overall Conference Sentiment Modestly Positive: Driven by upward revisions in near-term RevPAR outlook, consumer confidence (18-year high), plentiful and low-cost debt, and the return of business travel impacted by recent tax cuts. STR increased their 2018 RevPAR growth forecast to 2.9% (from 2.7%), driven primarily by ADR gains and strong transient demand. This marks 98 months of consecutive RevPAR gains. 2019 RevPAR growth forecast remains at 2.4%. Impact of the Tax Reform: Is viewed as the lodging cycle extender. Due to the increase in GDP and corporate travel budgets, business travel is fueling growth. This is quantified in the Top ...