The CEO of Wyndham Hotels & Resorts Group said that as the weather turns fine and more and more people travel, the hotel industry’s occupancy rate will hit a record high this month.
Geoff Ballotti said on CNBC TV on Thursday: “These last two weeks… Since March last year, it was the highest occupancy rate in our industry for two weeks. Now the occupancy rate has returned to 2019. 85%, impressive.” Closed bell. ”
The hotel chain brands include Ramada, Days Inn, AmericInn, Super 8 and Hawthorn Suites.
As the popularity of other travel competitors such as Airbnb continues to increase, Balloti said he is not surprised by the competition due to differences in how customers use services.
He said: “We appeal to families traveling, and to daily business travelers staying in hotels.”
With the promotion of vaccines across the country, the issue of vaccine passports is under debate.
Ballotti said: “I think the industry definitely needs to develop a unified digital health certificate for testing.” “This can make travel easier and can make travel safer.”