BOSTON—The Hospitality Asset Managers Affiliation (HAMA) launched the final results of its Spring 2022 Business Outlook Survey. The semi-yearly report gathered the views, ordeals, and predictions of almost 100 resort asset professionals concerning the hospitality marketplace from the commencing of the pandemic via April 13, 2022 The survey also addressed respondents’ views on the foreseeable future outlook of the business.
Presented reside in Hollywood, Florida, the survey was conducted in advance of HAMA’s 2022 Annual Spring Conference. In whole, 84 asset administrators, comprising about fifty percent of the membership, participated in the survey.
“Overall, it would surface the lodge business is coming into a extra optimistic stage than it identified by itself in as recently as very last calendar year,” explained Matthew Arrants, The Arrants Enterprise, CHAM, HAMA president. “The greater part of respondents see the acquisition marketplace heating up, and several consider the sector will get started to return to pre-pandemic levels inside the subsequent calendar year or two. Some markets now have surpassed 2019 quantities, and continued, pent-up travel demand have asset supervisors in a optimistic mood.”
- A single-3rd of respondents at the moment forecast 51-75 per cent of their lodges to exceed 2022 budgeted RevPAR.
- 3-quarters of surveyed asset managers are extra optimistic about the remainder of 2022 since the COVID-19 Omnicom variant has subsided.
- The top three fears of asset supervisors are labor availability (90.48 p.c), wage improves (70.24 p.c), and supply chain delays (61.9 per cent).
- Approximately 61.9 % of members imagine RevPAR will return to 2019 levels for the overall United States by 2023.
- Nearly 90 % of these surveyed actively are trying to get acquisition alternatives.