Resort Operators Expect To Carry Momentum Into Fourth Quarter
Social Activity, Return of Group Business Driving Continued Rebound
Resort properties have seen record-breaking demand this summer, leaving some to wonder when performance at those properties might come back down to earth.
Resort properties have seen record-breaking demand this summer, leaving some to wonder when performance at those properties might come back down to earth.
But the hoteliers who oversee those resorts say they expect the strong demand to continue even into the typically slower fourth quarter.
Speaking during the "Is the Current Demand for Resorts Sustainable?" session at the 2021 Hotel Data Conference, Paulson Puerto Rico Hotels President Peter Hopgood said the strong continued demand is being fueled by a combination of leisure travelers, the return of some corporate travel and combination of different types of social groups.
"So we still have into the fourth quarter, a combination of a lot of events being booked: destination weddings, bachelorette and bachelor activities, birthdays, anniversaries, divorces, all kinds of bookings," he said. "So with the mix, even though we expect leisure is going to slow down, we have a little bit of corporate coming back and a little bit of both social activity and groups coming back makes us feel comfortable."