According to the CEO of Wyndham Hotels and Resorts, the hotel industry has seen a record increase in occupancy this month as more people travel in fine weather.
“These last two weeks … were the highest two weeks in our industry since last March and it is impressive that the occupancy is now back at 85% of the level of 2019,” said Geoff Ballotti on Thursday at CNBC. Close the bell. ”
The hotel chain consists of brands such as Ramada, Days Inn, AmericInn, Super 8 and Hawthorn Suites.
With other travel competitors like Airbnb growing in popularity, Balloti is not being put off by this competition as the way customers use their services varies.
“We appeal to families on the move and on the move, and we appeal to the everyday business traveler who stays in a hotel,” he said, adding that these workers who book short-term reservations typically don’t stay in vacation rentals. The average stay at any of the Wyndham hotels is also much shorter, averaging less than two nights.
During the introduction of the vaccine across the country, the issue of vaccine passports is discussed.
“I think the industry definitely needs to develop a unified digital health record for tests,” said Ballotti. “That could make traveling easier, that could make traveling safer.”