Cornell Hospitality Outlook 2021: Experts See Light at the End of the Tunnel

by Emily Goldfischer '92 of Hertelier

"Based on the latest hotel, capital markets data, and consumer behavior patterns, the recovery has already started in the US and will pick up steam by the end of the year and continue--barring another outbreak--to 2024, which is when the panel predicts overall RevPAR recovery, though it will vary by market."

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Cornell Hotel Indices: First Quarter 2021
The Phoenix is Rising

by Professor Crocker Liu, Adam Nowack, & Robert White, Jr.

"Although the price of hotels along the east coast declined again this quarter the rate of decline has continued to lessen. Hotels in gateway cities reversed course, outperforming hotels in non-gateway cities. Our moving average trendlines and standardized unexpected price performance metrics indicate that both large and small hotels remain undervalued, pointing to a buy opportunity."

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This online event will take a deeper look at emerging customer loyalty trends and modernizations occurring in the hospitality and travel sectors. 
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Join us for a webinar with the two top cruise industry leaders — who have, in essence, created this industry — and one of the country’s foremost public health experts, discussing both the unique challenges and opportunities as the cruise industry plans to restart its business.
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The Cornell Hospitality Business Plan Competition provides an experiential learning opportunity to rising entrepreneurs looking to make their mark on the hospitality industry. The competition kicks off at the start of the academic year and culminates in the spring with the submission of final business plans and group presentations. Cash prizes over $35,000 are awarded to the top three teams.
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With Spring Break in the rearview mirror, U.S. hotel demand fell back below the 22 million mark for the week of April 11-17. Weekly occupancy subsequently dipped 2.6 points to 57.3%. The week-to-week loss in occupancy was most noticeable in large hotels. 
Florida markets were the prime example of a post-Spring Break slump as the state saw its largest week-to-week decline in occupancy (8 points) since early January. Most markets that were trending above corresponding weeks from 2019 fell back when using that same comparison. 

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