Hotels are reaching the highest occupancy levels since the pandemic

The hotel industry is seeing a record uptick in occupancy levels this month as more people are traveling amid the nicer weather, accordi...


The hotel industry is seeing a record uptick in occupancy levels this month as more people are traveling amid the nicer weather, according to the CEO of Wyndham Hotels and Resorts.

“These last two weeks … have been the highest two weeks of occupancy in our industry since last March and to see occupancy levels now back to 85% of where they were in 2019, is impressive,” Geoff Ballotti said Thursday on CNBC’s “Closing Bell.”

The hotel chain consists of brands including Ramada, Days Inn, AmericInn, Super 8 and Hawthorn Suites.

With other travel competitors like Airbnb are rising in popularity, Balloti said he isn’t deterred by this competition due to the differences in how its customers utilize their services.

“We appeal to families who are out on the road and traveling, and we appeal to that everyday business traveler that stays in a hotel,” he said, adding that these blue-collar workers who book short-term reservations usually don’t stay in vacation rentals. The average stay at one of Wyndham’s hotels is also much shorter, averaging less than two nights.

As the vaccine rollout goes underway across the country, the question of vaccine passports is being debated.

“I think the industry certainly needs to develop a uniform digital health credential on testing,” Ballotti said. “That could make travel easier, that could make travel safer.”

Source link

COMMENTS

Name

Africa,776,Americas,4046,Art & Culture,14502,Arts,6385,Arts & Design,1571,Asia,3165,Automobile,444,Baseball,551,Basketball,449,Books,3777,Business,5220,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1442,Dance,629,Defense,836,Diplomatic Relations,2496,Economy,1060,Editorial,260,Education,1158,Elections,308,Energy & Environment,3039,Entertainment,22371,Environment,3520,Europe,4113,Faith & Religion,235,Family & Life,817,Fashion & Style,3141,Finance,19450,Food & Drink,3630,Football,1064,Games,97,Gossip,10289,Health & Fitness,3969,Health Care,921,Hockey,211,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,16608,Media,527,Middle East,1446,Movies,1614,Music,2537,Opinion,2827,Other,11601,Other Sports,4922,Political News,11324,Political Protests,2324,Politics,17531,Real Estate,1742,Relationship,75,Retail,3116,Science,2529,Science & Tech,9687,Soccer,194,Space & Cosmos,314,Sports,11821,Technology,3324,Tennis,537,Theater,1610,Transportation,313,Travel,2485,TV,3579,US,10,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,15951,
ltr
item
Newsrust - US Top News: Hotels are reaching the highest occupancy levels since the pandemic
Hotels are reaching the highest occupancy levels since the pandemic
https://image.cnbcfm.com/api/v1/image/104630851-GettyImages-825564678.jpg?v=1617309731
Newsrust - US Top News
https://www.newsrust.com/2021/04/hotels-are-reaching-highest-occupancy.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2021/04/hotels-are-reaching-highest-occupancy.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content