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How Luxury Travel Is Leading the Recovery

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more The managers of Aethos Corsica weren’t sure what to expect when debuting their nine-suite boutique hotel this month. Pandemic restrictions in many countries had quelled immediate international travel. But the owners needn’t have wondered. “We’ve been experiencing a tremendous increase in bookings recently especially for our larger suites,” said Ariane Chapot, the general manager of the refurbished 17th-century palazzu on the French island. The good days appear to be coming for many travel brands that woo high-income leisure travelers. In the U.S., for example, Google search interest in the phrase “luxury hotels” is at its highest since before 2006. Signs are surely pointing to luxury travel being one of the quickest slices of the travel sector to rebound from the pandemic.

Hotels in Corporate Markets the Hardest-Hit in Central, South America

It s very discounted rates for these hotels that were occupied through mining workers mostly, she said. Other corporate-driven markets like Bogotá, Colombia; Santiago, Chile; San José, Costa Rica; Buenos Aires, Argentina; Quito, Ecuador; Montevideo, Uruguay; and Panama City, Panama, all saw continued poor performance, with occupancy consistently below 30%, until some weekend demand began to pick up in just the past few months. In 2021, the daily data began picking up some weekend demand spikes as we see more international groups opening up and a few regional events happening, driving some domestic leisure demand, Boo said. Indeed both leisure and corporate markets have suffered greatly during the pandemic, although leisure demand saw a disproportionate uptick in demand in the final portion of 2020.

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