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

Feb 13, 2023

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.

Get the full story at TheStreet and HNN

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