Hyatt Hotels Corp. raised its financial outlook for the year ahead, calling out expected strength in Europe and Asia Pacific as especially key factors for its hotels and resorts, which skew to premium and luxury segments.
Hyatt Hotels Corp. raised its financial outlook for the year ahead, calling out expected strength in Europe and Asia Pacific as especially key factors for its hotels and resorts, which skew to premium and luxury segments.
Hotel bookings will continue to boom despite inflation. A lack of hotel construction is giving pricing power to existing hotels. At the same time, rising demand from corporate group events and international travelers from China and India are tailwinds supporting the sector.
The health of business travel remains a huge open question, but Hyatt, for one, pointed to positive signs when it reported second-quarter results Thursday.
Good morning from Skift. It’s Friday, August 4. Here’s what you need to know about the business of travel today.
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