Good morning. The summer travel season is set to heat up and many consumers want luxurious resort stays.
Hyatt Hotels Corporation’s leisure travel bookings for July 4 are up 25% year over year at resort properties in the Americas. Despite inflationary pressures, consumers continue to prioritize leisure travel with the higher-earning demographic still driving growth, according to Hyatt CFO Joan Bottarini. About 50% of the company’s revenue, globally, is leisure-based travel, 20% is business, and about 30% is group travel, Bottarini said.
