Marriott, AirBnB, others see global travel rebounding in 2022
Marriott and Hilton, two of the biggest US hotel chains, told investors they expect people to resume packing their bags for business and leisure this year at rates not seen since before the pandemic.
Hotel and other travel-related companies delivered rosy outlooks in this week’s quarterly results, citing rising vaccination rates and falling COVID-19 cases in the United States after the winter surge of the Omicron variant.
Countries are also lifting travel restrictions, with Canada set to ease entry for fully vaccinated international travelers starting on Feb. 28.
Marriott International Inc’s and Airbnb Inc’s latest quarterly results topped Wall Street estimates, while Hilton Worldwide Holdings Inc’s revenue nearly doubled.
