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Hotel CEOs On The ‘Human Need’ For Travel In The Face Of Uncertainty

At the NYU International Hospitality Investment Forum this week, the CEOs of Wyndham, Accor, Hilton, Hyatt, IHG and Marriott remained optimistic about the industry’s future despite recent downgrades in hotel forecasts due to economic uncertainty. They emphasized continued strong demand for travel, growth opportunities in upper midscale and extended stay segments, and rising interest from both younger travelers trading up and older, wealthier retirees traveling year-round.