The seasonal hotel industry is hoping that summertime traveldestinations typically accessed by car will suffer only limitedimpact from the COVID-19 pandemic, according to a report from S&P Global MarketIntelligence.
Big cities, or "gateway" destinations are typically the first torecover from an economic downturn, but S&P notes thatexecutives at large hotel brands such as Hilton Worldwide Holdingsand Hyatt Hotels Corp. are saying the so-called "drive-to" marketsstand the best chance of a short-term recovery this summer,compared with areas where hotels depend heavily on group andcorporate travel bookings.
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Scott Graham
Scott Graham focuses on intellectual property and the U.S. Court of Appeals for the Federal Circuit. He writes ALM's Skilled in the Art IP briefing. Contact him at [email protected].
