“Revenge travel” — i.e., making up for trip time lost during lockdown — is here.
Why it matters: The result is a speedier comeback for the beaten-down hotel industry that few predicted.
Driving the news: New York City hotel rooms last weekend were 72% occupied, Mayor Bill de Blasio said Tuesday.
- “The expectation was … how many years and years and years would it take to recover? Well, guess what? The recovery is happening a lot quicker than anyone imagined,” de Blasio said.
Flashback: The pandemic forced the greatest downturn the hotel industry has ever seen.
- The biggest players