Hyatt Hotels CEO sees ‘clear path to recovery’ after Covid rocked industry

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CNBC: “We see that there’s a clear path to recovery from here,” Hyatt Hotels CEO Mark Hoplamazian told CNBC.

  • Hoplamazian said he’s seeing occupancy rates industrywide improving from a low of 22% in April of last year, coming in at just shy of 50% in February.
  • He said he is optimistic that travel is positioned to make a full recovery as Covid-19 vaccines become more widely available to the public.

Hyatt Hotels CEO Mark Hoplamazian said on CNBC on Thursday that he is bullish on a recovery in the hotel industry, driven by leisure travel, as Covid-19 vaccines become more widely available.

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