Hotel CEOs: Demand Rebound May Come Sooner Than Expected
Labor Shortages Have Risen to 'Crisis' Levels for Most Hotels
While the past year has been the most challenging on record for the hotel industry, the CEOs of the top global hotel brands agree the table is set for a comeback that might come more quickly than outside observers would expect.
While the past year has been the most challenging on record for the hotel industry, the CEOs of the top global hotel brands agree the table is set for a comeback that might come more quickly than outside observers would expect.
Speaking during an online panel as part of the NYU International Hospitality Industry Investment Conference, Hilton President and CEO Chris Nassetta cautioned young hoteliers to "keep the faith."
"The golden age of travel will return," he said. "It's a very big industry. It will become once again one of the fastest-growing industries in the world. There's immense and diverse opportunity, and there's huge opportunity to have positive impact on the world in this industry. None of that's changed. We just had a rough year."