Welcome to the Second Edition of Moore's Hotels Quarterly, "Beating The Benchmark", a worldwide hotel market snapshot, based on the latest available comparable data of internationally branded hotels, delivered quarterly.
Fortune favors the bold, was the theme of the the 2023 International Hotel Investment Forum in Berlin, a sentiment that rings resoundingly true for asset managers and hoteliers who have been navigating the post-COVID recovery with unwavering determination. These individuals have exhibited courage by consistently and confidently pricing their properties, not only benefiting their own assets but also bolstering the entire hotel market. Their commitment to maintaining value and seizing opportunities has been a driving force behind the industry's resurgence.
Also deserving commendation are the hotel owners who have demonstrated resilience by refraining from selling their properties at discounted prices. Instead, they have adopted a steadfast approach, capitalizing on the prevailing strong financial performance of their assets. Their prudent decision-making and long-term perspective have positioned them advantageously.
While "the only constant in life is change", the remarkable progress and rebound achieved by the sector is undeniable. In defiance of the global headwinds, hotels worldwide continue to flourish, surprising even the staunchest skeptics. People's desire to travel remains unwavering, further reinforcing the industry's vitality.
The conclusions drawn in this report are the result of data analysis from a diverse group of randomly selected companies. These selected companies, as of today, together represent a total geographic coverage of 108 countries across the globe and collectively comprise 23,026 internationally branded properties at the time of the preparation of this study. This robust dataset serves as a representative sample, providing valuable insights into the performance of the global hotel market.
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