As people in the US continue to be vaccinated, the demand for travel is increasing.
Hilton CEO Christopher Nassetta told CNBC Tuesday that the company had a record-breaking number of bookings during the Memorial Day holiday weekend last Saturday.
“We had a blockbuster weekend,” said Nassetta in an interview with “Squawk box. “” On Saturday evening we were almost 93% occupied in the USA, which is certainly the best value since the Covid slump. “
Nassetta said summer reservations exceeded the company’s 2019 bookings.
“Our bookings for this summer are higher at this point than they were in 2019,” said Nassetta. “People get out, they feel safer as vaccination rates go up and it should be a really good summer to travel.”
The airlines are also seeing an upturn in business.
“You get the feeling that there is a lot of catching up to do. It is very encouraging to see real bookings with customers buying tickets, “Ben Baldanza, former CEO of Spirit Airlines, told CNBC.Power lunch” on Friday.
The Hilton CEO expects an increase in bookings over the next two years, including for business travel.
“I’d bet a lot on business and group travel alongside the leisure business from ’23 and beyond being back where it was in 2019 and growing beyond,” said Nassetta.
Hilton is also doing well in China, where the number of daily Covid-19 Cases have decreased significantly from the peak.
“This year we will have one of the best years in China we have ever had because it is ahead of the curve compared to the US and other parts of the world,” said Nassetta.