Business travel likely to resume in the fall, Hyatt Hotels CEO says

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The hotel and cruise industries are starting to see signs of recovery, according to the CEOs of Hyatt Hotels and Carnival Corporation.

"We are already seeing the signs of people starting to travel for work in a more affirmative way, a more significant way," Hoplamazian said in an interview during"Most of the bankers, consultants and lawyers that I'm talking to are gearing up to be back on the road, so I think that will really take hold in a more affirmative way in the fall," he said.

Four in ten Americas say they intend to take a vacation that would involve a flight or a hotel booking between Memorial Day and the end of September,. That compares to 42% in 2019, highlighting the post-pandemic travel rebound. "Tech companies are talking about having mandatory office day weeks and getting back to work, and importantly getting back to travel," Hoplamazian said.CEO Arnold Donald said that while the cruise industry is not yet at the same point hotel resorts are at in terms of a high level of bookings, the company is "looking forward to be in a similar position very soon."

The CDC recently eased its warnings for cruises from the highest level, but it did recommend only fully vaccinated people take trips when sailing resumes in the U.S. Earlier this week,had to delay the first voyage of its Odyssey of the Seas ship after eight crew members tested positive for Covid-19.

 

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