Hotel Executives Expect Business Travel To 'Roar Back' in 2022
Leisure Continues at Consistent Levels
As business transient and group travel continues to tick up in the U.S., hotel industry executives are contemplating the trajectory of that return while continuing to make room for a revitalized leisure travel segment.
NEW YORK — As business transient and group travel continues to tick up in the U.S., hotel industry executives are contemplating the trajectory of that return while continuing to make room for a revitalized leisure travel segment.
The third quarter was a bright spot for most major public hotel companies as business travelers hit the road in higher numbers and some groups returned to hotels, though dampened in part by the delta variant of COVID-19.
Company CEOs and other top executives addressed the current and forthcoming waves of business transient and group travel at the recent NYU International Hospitality Industry Investment Conference.
“Business travel is going to shock us all to the upside in 2022,” said Marriott International CEO Tony Capuano. “It will roar back in a way that will defy some really dour prognostications.”