Citing the return of group business at a pace that “was significantly ahead of our expectations,” Hyatt hotels Corp. on Tuesday reported first-quarter performance that, like its competitors, started slowly but accelerated based on red-hot leisure demand and burgeoning corporate travel bookings. Group bookings, though, were “where we saw the […]
Recovery
BA owner says recovery of business travel will drive return to profit | International Airlines Group
British Airways’ owner has said a recovery in business travel and trips by wealthy passengers will drive a return to profitability this year. International Airlines Group (IAG), which also owns Iberia and Aer Lingus, said that while Omicron had a short-term impact on bookings in January and February, the easing […]