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Hotels are reaching the highest occupancy levels since the pandemic

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The hotel industry is seeing a record uptick in occupancy levels this month as more people are traveling amid the nicer weather, according to the CEO of Wyndham Hotels and Resorts.

“These last two weeks … have been the highest two weeks of occupancy in our industry since last March and to see occupancy levels now back to 85% of where they were in 2019, is impressive,” Geoff Ballotti said Thursday on CNBC’s “Closing Bell.”

The hotel chain consists of brands including Ramada, Days Inn, AmericInn, Super 8 and Hawthorn Suites.

With other travel competitors like Airbnb are rising in popularity, Balloti said he isn’t deterred by this competition due to the differences in how its customers…



Source cnbc.com

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