Overview
The hospitality industry reached what it considers full recovery in 2023, with revenue per available room (RevPAR) exceeding pre-pandemic levels from 2019. And there is growing optimism that this positive performance will continue through 2024 as inflationary pressures have eased, supply chain issues are diminished and the labor market remains stable. On the flip side, the rise in claims persists with social inflation driving not only liability rate increases but a tightening in underwriting guidelines.
In this report:
- Property
- Casualty
- Limitations and Exclusions
- Parametric Structures for Hospitality Accounts
- The Importance of Risk Management Programs
Thank you to Amwins for making this report available to Claims Journal readers.
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