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The Case for Luxury Hotels Coming Out on Top in 2023 Recession: New Skift Research
Skift Consider A possible recession is on the horizon in the U.S., but we count on lodge functionality to remain resilient in the face of financial uncertainty, buoyed by continued strength in the luxury segment – in contrast to what has been found in prior downturns. Pranavi Agarwal Skift Research’s most recent report looks at resort overall performance by chain scale in occasions of crisis and economic downturn in the U.S., as nicely as the comparison of device development strategies of big lodge manufacturers write-up the 2008/9 Great Economic Disaster versus their existing pipelines. The macroeconomic outlook for the U.S. in 2023 seems bleak – mounting interest fees, squeezed customer expending,…