NEW YORK — With work and life patterns changing and the effect that has on travel, IHG Hotels & Resorts’ Elie Maalouf said he believes the hotel industry’s rate recovery is sustainable.
While room rates have increased, they haven’t risen at the pace of inflation, and overall travel demand continues to be strong across all segments, Maalouf, CEO of the Americas at IHG, said in a video interview at the NYU International Hospitality Investment Conference.
Leisure demand for hotels has…