Limited Bullishness at NYU Hotel Show
Skift Take
Hotel industry executives showed subdued optimism at NYU Conference amid macro uncertainty and flat transaction growth expectations.
The DJIA was up 214 points, the Nasdaq rose 156, the S&P 500 was up 34 points, and the 10-year treasury yield was basically flat at 4.46%. Lodging stocks were modestly higher.
CoStar and Tourism Economics downgraded their growth projections for the U.S. hotel industry in their revised forecast introduced at the NYU International Hospitality Investment Forum. They now expect supply to range from a decline of -0.1% to +0.8%, demand to range from a drop of -0.6% to +0.5%, ADR to range from a decline of -0.3% to 1.3%, and for RevPAR to be anywhere from a drop of -0.8% to +1%. For 2026, their expectations are similar, and it should be clear that the update shows the uncertainty everyone in this industry has to deal with at the moment.
Barclays described the tone at the NYU Conference as subdued across both current operating trends and the state of the hotel transaction market. Truist said there is certainly no sense of outright bearishness, but they
