Hyatt CEO Says Second Wave of Virus Will Curtail Hotel Industry’s Ongoing Recovery

Hyatt Hotels Corp.

Hyatt’s CEO warned investors Thursday of a potential rough winter performance amid rising coronavirus cases around the world. Hyatt Hotels Corp.

Skift Take: Hoteliers have been generally optimistic about the hotel industry’s pandemic recovery pattern heading into the winter, typically a drop-off for leisure travel. Hyatt’s CEO Mark Hoplamazian just gave the industry a much-needed wake-up call.

— Cameron Sperance

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Hilton’s Quest for Breakeven 8 Months Into the Pandemic

Kenneth C. Zirkel  / Wikimedia

Hilton attributes its third quarter financial rebound to major cost cuts as well as travel demand beginning to revive. Kenneth C. Zirkel / Wikimedia

Skift Take: Hilton’s financials are quickly heading in the right direction, but the company — and the greater hotel industry — need to remain cautious about second and third waves of the coronavirus putting a halt to the positive momentum.

— Cameron Sperance

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Dear Mr. President — Your Policies Could Make or Break the Travel Industry

Prayitno  / Flickr.com

The White House South Lawn in September 17, 2012. Presidential policies could make or break the U.S. travel industry and the wider economy. Prayitno / Flickr.com

Skift Take: Presidential policies and tone can go a long way toward making or breaking the U.S. travel industry. The president has to balance all parts of the economy and the needs of the country’s citizens, but pumping up the travel industry because of its vast economic impact would go a long way toward wider economic recovery.

— Dennis Schaal

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