Hotel CEOs ‘Cautiously Optimistic,’ Bullish on Business Travel Return

The Memorial Day holiday was a boon for the lodging industry as pent-up leisure demand came roaring back, even setting occupancy or revenue per available room records for the weekend for some major hotel companies. They’re also professing strong faith in the eventual return of business travelers to their properties. 

BWH Hotel Group, which includes the Best Western brand, during Memorial Day weekend had an all-time high in RevPAR, said BWH president and CEO David Kong on Monday during a panel at the International Hospitality Conference webinar hosted by the NYU School of Professional Studies’ Jonathan M. Tisch Center of