<Hotels are benefiting from the rise in business travel
Starwood Hotels & Resorts and Host Hotels & Resorts said they had more guests in the first quarter as a gradual economic recovery sent more workers back on the road to do business. Both companies focus on the high-end business traveler. Starwood raised its outlook for the year and reported a higher-than-expected quarterly profit.
I think this is proof that it is especially important for companies to keep an eye on their hotel spend, negotiate corporate rates when possible, and join corporate programs such as the Starwood Preferred Business Program.