Motley Fool Money Diving Into Hospitality
May 7, 2022
In this episode, Matt Argersinger, lead investor for Millionacres, dives into the recovering hospitality sector post-pandemic. He discusses how rising occupancy rates and urban travel are revitalizing resorts and hotels, particularly in hotspots like Las Vegas. The conversation also explores the current challenges facing Airbnb compared to traditional hotels. Additionally, they analyze the mixed outlook for business travel and the impact of inflation on travel spending. Get ready to glean insights on investment opportunities in this booming market!
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Increased Travel Anecdotes
- Deidre Woollard observes that many friends are traveling to exciting destinations this year.
- Matt Argersinger shares his upcoming hiking trip to Europe around Mount Blanc.
Airbnb's Disruption and Challenges
- Airbnb offers unique travel experiences and disrupts the traditional hotel market by providing more consumer choices.
- However, Airbnb faces challenges like inconsistent quality, hidden fees, customer service issues, and city regulations.
Hotel Industry Comeback
- Hotels are experiencing a strong comeback with rising average daily rates (ADRs) and revenue per available room (RevPAR), exceeding pre-pandemic levels.
- Despite lower occupancy than 2019, increased pricing power drives hotel profitability.