A labor shortage, a recession and Covid are obstacles the hotel industry has to overcome. But the mood at the 44th Annual NYU International Hospitality Industry Investment Conference remained optimistic.
The mood at the 44th Annual NYU International Hospitality Industry Investment Conference was upbeat on Monday, even with the industry facing some challenges.
Among the positive news was the prediction that revenue-per-available-room, so-called RevPAR, will exceed 2019 numbers before the end of the year, according to data company STR and Tourism Economics, a global tracking company.
During a morning session that kicked off the conference, “The CEOs Check In: A View From the Top,” the panelists — Keith Barr, CEO of IHG Hotels & Resorts, Sébastien M. Bazin, chairman and CEO of Accor, Anthony Capuano, CEO of Marriott International, Mark S. Hoplamazian, president and CEO and Hyatt Hotels Corporation, and…