Group travel is crucial for massive convention hotels to bounce back from coronavirus, but a vaccine or treatment is needed before major bookings materialize.
As we've noted before, as much as hotels and online travel agencies may not necessarily love one another, they certainly need each other. Their current love-hate relationship will certainly change, however, if and when other players like Airbnb or Google become bigger players in the hotel booking space.
More conservative folks might talk about being "cautiously optimistic," but positivity is the prevailing sentiment this year in the hospitality industry.
Roots run deep between Host Hotels and Marriott, obviously. But the fact that Host also owns properties that fly under Starwood and Marriott's brands, among others, gives its perspectives on ownership and operations some serious weight when talking about the future of the big merger and the direct booking wars.
Host's portfolio includes brands from across most of the major chains, which means its earnings are an indication of the health of the U.S. domestic market as a whole.