It’s clear that the lower-priced chains—the economy, budget, and midscale hotels—are doing better. Some of that is locational: A lot of those hotels are at airports, around airports, and on the interstates, so that means that they’re accommodating people who are moving around. But over the next six- to 12-month period, you’re going to see a bit of a barbell recovery, where lower-tier, lower-price hotels will be doing well, and then you will have luxury hotels doing well once air travel starts to free up a little bit.Mark Hoplamazian (Hyatt Hotels)
Leave a Reply