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Robert Kasca is the WFP Nepal Representative and Country Director. Robert has over 20 years of operational and leadership experience with WFP, the United Nations agency dedicated to fighting hunger and the 2020 Nobel Peace Prize Laureate.
As economists continue to move toward the view that a near-term recession has been averted (less than half of those surveyed in October by the Wall Street Journal expect a recession within twelve months, the lowest level since June 2022), they continue to grapple with conflicting data points. As is the case in any soft landing, positive macro-economic data points like 3Q-2023 GDP growth of 5.2% and positive October inflation data are often counter-balanced by negative economic data points like the ISM index remaining below 50 and October payrolls surprising to the downside.
Notwithstanding the recent (but expected) deceleration in U.S. RevPAR growth, America’s lodging industry performance remains vibrant. Although Lodging Analytics Research & Consulting’s (LARC) forecast is modestly altered for 2023 and beyond, the overall outlook continues to be encouraging.
Notwithstanding continued economic uncertainty, Lodging Analytics Research & Consulting (LARC) remains encouraged by the U.S. lodging industry’s recent performance and our outlook for 2023 and beyond which is only modestly altered.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of... | May 15, 2023