The hospitality sector may still have far to go in terms of recovery, but several of the industry’s top executives reported that progress has picked up markedly.
The CEOs were gathered for a virtual panel that was part of an NYU International Hospitality Industry Investment Conference webinar series.
BWH Hotel Group CEO David Kong told attendees that he witnessed an “unleashing of powerful pent-up demand” in the U.S. starting Memorial Day weekend, during which time the company enjoyed an all-time high RevPAR performance.
“It’s very encouraging,” Kong said during the June 7 event, which was moderated by CNBC news anchor Sara Eisen. Kong also suggested BWH could reach 2019 business levels before 2023 “because we’re very strong in the leisure segment.”
Hilton CEO Christopher Nassetta echoed Kong’s optimism, predicting that the industry is on track to have “the best leisure summer we have ever had in the history of the business.”
Marriott International CEO Tony Capuano added that the…