Skift

Episode Notes Hotel executives expressed optimism this week for a continued boom despite inflation and a possible recession, reports Senior Hospitality Editor Sean O’Neill.  Accor CEO Sébastien Bazin said at an event organized by New York University that the future for the hotel industry has never been as strong as it currently is. Bazin added that hotel rates in Paris have been 50 percent above 2019 levels for the past six months. O’Neill writes a limited supply of travel lodging has boosted the pricing power of existing hotels, with one executive describing low supply as music to her friends.  O’Neill adds that hotel CEOs are bullish on a surge in travel from Asia, noting that Chinese travelers still haven’t returned en masse. In addition, Bazin said he envisioned India emerging as a major source of business, with the country’s rapidly expanding middle-class increasingly looking to travel abroad. Next, as short-term rentals sit at an inflection point after several years of enormous growth, Skift Research ta