• The buzzword from travel companies for 2024 is NORMAL   

Excerpt from Reuters

The buzzword from travel companies for 2024 is "normal."

After the pandemic slammed the brakes on the tourism industry, and the subsequent years were the era of "revenge travel," hotel operators Hilton Worldwide (HLT.N), Marriott International (MAR.O), and online travel agency Expedia (EXPE.O), expect demand to grow more slowly this year.

They, along with other travel companies, are forecasting full-year 2024 profits short of the consensus from Wall Street analysts. That has been a disappointment to investors, as people had been making more room in their spending budgets for vacations and hotel stays.

"We expect travel demand to remain relatively healthy, but we expect growth rates across the world to decelerate," Expedia Chief Executive Officer Peter Kern told investors on a call.

Marriott told investors that it expects 2024 revenue per available room, a closely watched industry metric for hotels' top-line performance, to increase between 3% and 5% this year, after nearly 15% growth in 2023.

Similarly, Hilton expects full-year room revenue to rise between 2% and 4% in 2024, down from a 12.6% increase in 2023.

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