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Why Marriott, Hilton and Hyatt say resort costs are solely heading up
No matter excessive inflation, a softening general economic system, and fears of a financial downturn, the resort sector is just not viewing any slowdown. It’s actually the exact reverse, with Hilton CEO Chris Nassetta predicting that the resort chain will “have the best summertime now we have at any time present in our 103-yr historical past this summertime.” Variety of industries have been strike as actually laborious as journey by the Covid-19 pandemic, which curbed nearly all leisure and enterprise trip methods. However as vaccination prices and loosened constraints have distribute throughout the area, vacationers have returned. In May, worldwide leisure and small enterprise flights topped 2019 ranges for the primary time…