Hyatt Hotels on Thursday entered a new alliance with Under Canvas, a brand that runs 13 luxury outdoor resorts. This move enables Hyatt to tap into the growing trend of upscale nature-based travel experiences, particularly near U.S. national parks.
Roadside Hotels Expect Boom From Infrastructure and AI Spending
16.07.2024 - 05:12 / skift.com / Sean Oneill
Hotel companies continue to gear up for a surge in demand from workers wearing hardhats as more than $1 trillion in public and private infrastructure spending is set to fuel years of U.S. construction projects.
An expected influx of traveling workers is reshaping the maps where hotel groups plan to open properties. To capitalize on this trend, some hotel groups have added extended-stay and budget brands.
Major hotel chains already report increased bookings from construction crews and other workers — a trend they expect to accelerate.
This shift is leading hotel groups to adapt their offerings.
What am I looking at? The performance of hotels and short-term rental sector stocks within the ST200. The index includes companies publicly traded across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more hotels and short-term rental financial sector performance.
Read the full methodology behind the Skift Travel 200.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
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