Skift Take
Hyatt CEO Mark Hoplamazian is finally seeing his valuable corporate guests returning. He says bookings everywhere but Asia are "booming."
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Hyatt CEO Mark Hoplamazian has grown more positive about business travel in recent weeks, now saying he is seeing a business transient and corporate booking business returning to his properties. Hoplamazian confirmed that business transient bookings are up in New York City, while corporate bookings, in everywhere but Asia, are "booming."
"Our business transient booking levels in New York are 20% over 2019 levels for October. We all know one month does not a trend make. I’m not going to pretend it will look like that forever. But neither is it true that business travel be permanently reduced by 50% for all m