This major hotel company is leading the pack on business travel recovery

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page . The death of business travel demand might have been greatly overestimated during the pandemic. Bill Gates, at one point, surmised as much as half of business travel demand was permanently killed during the early months of the pandemic. Hotel industry chatter in recent months focused on the idea it was likely 20% off pre-pandemic levels . However, the CEOs of each of the major publicly traded hotel groups in recent weeks reported a rosy picture of business travel. Keith Barr, the CEO of Holiday Inn and InterContinental owner IHG Hotels & Resorts, delivered one of the strongest cases for a full business travel demand recovery Tuesday. Average nightly rates for business travelers already exceed 2019 levels (and they have since March of last year). Occupancy rates for this demand sector are at 98% of 2019 levels, Barr said. “Despite some predictions, business travel is alive and well,” he added. For comparison: Marriott last week […]

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