“Revenge travel” fuels hotel sector’s speedy comeback

“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