Amid softening leisure demand and a “choppy” travel environment, all-inclusive resorts are a bright spot, said Hyatt Hotels Corp. in its Q1 earnings report.
During the earnings call, Hyatt CEO Mark Hoplamazian told analysts, “Our all-inclusive business, in terms of pace in the second quarter, is up 7%, and if you look at the actualized revenues in April for our all-inclusive business, it’s up 9%.”
Hoplamazian partially credited some of the strength to a shift in travel patterns, with Canadian travelers increasingly “flying over” the U.S. to vacation in Mexico and the Caribbean as well as “consistency” from the dominant U.S. market.
“We have seen increases in Canadian travelers into Mexico and the Caribbean,” said Hoplamazian. “The…
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