Marriott International Inc

White House goes on offense to argue that the U.S. is not in a recession

White House goes on offense to argue that the U.S. is not in a recession

U.S. President Joe Biden delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, U.S., July 28, 2022. Elizabeth Frantz | Reuters WASHINGTON — The White House responded to second-quarter negative GDP growth with a full slate of events and a well-coordinated message: Despite what everyone is saying, the U.S. …

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Travelers are upset about rising costs, but most aren't canceling their plans just yet

Travelers are upset about rising costs, but most aren’t canceling their plans just yet

Summer travel talk sure isn’t what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which could derail a much-needed 2022 summer travel comeback. Travel conversations on Twitter decreased 75% from April to May, while discussions related to gas …

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Why Marriott, Hilton and Hyatt say hotel prices are only going up

Why Marriott, Hilton and Hyatt say hotel prices are only going up

Despite high inflation, a softening economy, and fears of a recession, the hotel industry is not seeing any slowdown. It’s the exact opposite, with Hilton CEO Chris Nassetta predicting that the hotel chain will “have the biggest summer we’ve ever seen in our 103-year history this summer.” Few industries were hit as hard as travel …

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