Barry Sternlicht sees a travel ‘frenzy this summer
- "We see all of this pent-up demand coming back. It's going to be a frenzy this summer," Starwood Capital's Barry Sternlicht told CNBC on Wednesday.
- The billionaire investor said that signs of the post-coronavirus recovery are already evident in Miami.
- He said one of his company's hotels in the area, 1 Hotel South Beach, is "ahead in February of this year, ahead of 2019."
"We see all of this pent-up demand coming back. It's going to be a frenzy this summer," the chairman and CEO of Miami-based Starwood Capital Group said on "Squawk Box."
For example, Miami restaurant attendance data from OpenTable shows many days in March have been higher than pre-pandemic levels from 2019