Hilton doesn’t plan to offer bargains again soon
The company doesn’t think prices will go down, nor is there going to be a major influx of new hotels anytime soon
Hilton CEO Christopher Nassetta suggested bargains might be a thing of the past, as inflation looks likely to cool off and the recent job numbers suggested the U.S. economy might be able to avoid a recession.
Key takeaways
- There is more recovery and more pent-up demand, particularly with business travel and the group segments;
- The company believes it has good pricing power, at least through this year, simply because there's no capacity addition really coming into the market.