The Hotel Yearbook 2023 - Annual Edition
The Uncertainty New Normal
As we have embarked on 2023, it is evident that the hotel industry has made a robust recovery from
the
pandemic.
Occupancy and pricing have returned to their pre-pandemic levels. However, the future of our
industry is contingent
on how nimble the hospitality sector can be in adapting to ongoing innovation, changing market
conditions, evolving
consumer preferences, new staffing challenges, and sustainability realities. These uncertainties are
the new normal
in an unpredictable world.