Claire Dubois

Claire Dubois developed hospitality industry expertise through her career path from hotel operations to real estate investment to equity research. After studying Hospitality Management at Cornell's School of Hotel Administration, Claire worked in hotel management for Marriott before joining a real estate private equity firm focused on hospitality assets. She learned hotel economics from both operational and investment perspectives—revenue management, operating leverage, franchise versus managed models, and real estate value. Claire earned her MBA from NYU Stern and transitioned to analyzing publicly traded hotel operators, lodging REITs, and the platforms disrupting traditional hospitality. She excels at analyzing RevPAR trends, occupancy and rate dynamics, capital intensity, and how different hotel business models generate returns. Claire was early to recognize that Airbnb would permanently impact hotel demand and correctly predicted the pace of business travel recovery post-pandemic. Her coverage spans asset-light hotel operators like Marriott and Hilton, lodging REITs owning hotel properties, vacation rental platforms, and hospitality technology providers. She understands that hotels are highly cyclical but benefit from operating leverage in upcycles. Based in Miami, Claire is positioned in a major tourism and hospitality market while analyzing this consumer-facing real estate sector.