Hilton CEO Thanks Fed, Says Hotel Rates Can Rise With Inflation

(Bloomberg) — Hilton Worldwide Holdings Inc. Chief Executive Officer Christopher Nassetta says hotels are hedged against inflation thanks to the same dynamic that made the lodging industry one of the biggest losers in the early days of Covid-19 pandemic.

Most Read from Bloomberg

Room rates reset every night.

“We can reprice our product every second of every day,” Nassetta said on a conference call with investors. “We’re a very good hedge in that way to inflation and we’re being very thoughtful about how we’re pricing our product.”

The lodging industry was hit hard by the pandemic, which forced hotels to