The Silicon Valley Bank collapse caused a short-lived drop in business travel, according to United Airlines CEO Scott Kirby, but today the airline is still seeing strong demand.
The blip lasted about two weeks, "but now appears to have recovered," he said during the company's recent earnings call.
Meanwhile, the US hotel development pipeline is ready for this visitor segment, which has lagged the return of leisure travelers since the pandemic, according to a new report from STR, with luxury hotels being well represented.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
