Hotel CEOs: Demand Rebound May Come Sooner Than Expected
Labor Shortages Have Risen to Crisis Levels for Most Hotels
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While the past year has been the most challenging on record for the hotel industry, the CEOs of the top global hotel brands agree the table is set for a comeback that might come more quickly than outside observers would expect.
Speaking during an online panel as part of the NYU International Hospitality Industry Investment Conference, Hilton President and CEO Chris Nassetta cautioned young hoteliers to keep the faith. The golden age of travel will return, he said.
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April 27, 2021 4 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. This story originally appeared on México Desconocido
CANCÚN, QUINTANA ROO.- Tourism giants.- The World Travel and Tourism Council (WTTC) announced an investment of 2.5 billion dollars (million dollars) in Mexico in the following years, which would generate 100,000 jobs in the country , according to Christopher J. Nasseta, president of the organization. This announcement was made at the inauguration of the twentieth WTTC summit, the first after the outbreak of the coronavirus pandemic, and which is being held in Cancun, Quintana Roo.