Business Travel Booms as Hotel Chains Reap the Rewards
Photo Credit: Marriott International executives at a press conference. Business travel's growth is a big win for hospitality. Skift
Skift Take
Hotel companies are reporting strong earnings from corporate business. This is as good a sign as any that the latest business travel boom has continued into 2018, and it will be interesting to see how this tees up corporate hotel rate increases that make business travel even more expensive for companies.
Forecasts pegged 2018 as a banner year for business travel globally, and the results so far have been impressive.
I delved into what the most important executives in travel had to say about business in the first quarter of the year. The trend lines indicate that lodging demand from corporates remains strong, even as homesharing grows in popularity among business travelers. When hotel chains renegotiate with corporate customers in the fall, though, they hope to increase corporate rates more than usual, which could be bad news for business travel. Check the story below.
We also have a deluge of global airline news and the latest on how hotels are finally making a serious push into homesharing.
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