Each week, Hotel Management Network’s journalists pick out insights from company filings that highlight sentiments in our sector. These filings signals are based on GlobalData’s analysis of earnings statements, call transcripts, investor presentations and sustainability reports. They tell us about key topics on the minds of business leaders and investors, and the themes driving a company’s activities.
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GlobalData research has revealed a 42% decrease in the number of mentions of ‘loss’ across hotel-related filings between Q2 2022 and Q2 2023. This reflects a wider trend in the reducing frequency of the term as the industry continues to grow post-pandemic.
The term was mentioned by GlobalData’s database of primarily public companies 9,412 times in Q2 2022 and only 5,458 times in Q2 2023. Instances of the term peaked in 2021 with a total of 34,330 across the year as the industry struggled to cope with the fallout of the coronavirus pandemic. The prevalence dropped significantly last year to 29,046, and 2023 looks set to see even fewer instances.
While this indicator is positive, it should be qualified: as was widely predicted, the industry’s growth has been somewhat stunted this year. This is reflected in the occurrence of the terms ‘revenue’ and ‘investment’, which also saw year-on-year declines in Q2, albeit comparatively smaller than that of ‘loss’.
In comparison with ‘loss’, ‘revenue’ was mentioned 5,675 times in Q2 2022 and 3,968 times in Q2 2023, a 30% decrease, while ‘investment’ was mentioned 6,352 times in Q2 2022 and 3,997 in Q2 2023, a 37% decrease.
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By GlobalDataThese filings suggest an overall positive year for the industry but not one of significant growth. This fits with most prior predictions as inflationary pressures and tighter household budgets squeeze wallets worldwide.
