Hyatt CEO: Demand for Travel is ‘Alive and Well’

By 31MAR, 96% of Hyatt’s 1,000 properties were running once again, and occupancy rates are slowly returning to 2019 levels. “I cannot tell you how happy I am to see the demand come back,” Hyatt Hotels Corp. CEO and President Mark Hoplamazian said. “The much talked about pent-up demand for travel is alive and well.” According to Hoplamazian, business began to pick up on 13MAY after the CDC said that fully vaccinated Americans no longer need to wear masks indoors for most situations. On the Saturday of Memorial Day weekend, almost 200 Hyatt American properties were fully booked. “We’re seeing a lot of people turning to family trips and a lot of opportunities to finally get out of town and take a vacation,” Hoplamazian said.

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