Hotel brand and lodging REIT executives struck an upbeat tone on recent earnings calls, pointing to steady booking trends, strong group and international demand, and pricing power. Their stance contrasts with a fresh slide in consumer sentiment to a three&year low, underscoring a widening gap between what travelers say they feel and how they actually spend.
Despite a rise in holiday travel plans among Americans, financial concerns are prompting a reduction in travel spending, according to Deloitte's 2025 Holiday Travel Survey.