How the Top Hotel Chains Are Responding to the Pandemic 1

How the Top Hotel Chains Are Responding to the Pandemic

The global pandemic has resulted in a dramatic reduction in travel, especially among international travelers where movement in many places is restricted to citizens and long-term residents. However, this has not stopped major hotel chains from continuing to develop new properties. Let’s take a look at how the top eight hotel chains in the world are responding to the pandemic, according to a recent report in Top Hotel News.

  • Expanding Development – Over the course of the pandemic, some of the top hotel chains have decided to increase the number of properties they are developing. Accor, Ascott, and IHG are using this as an opportunity to expand with the hopes that travel will boom when the pandemic is under control.
  • Maintaining Development – Other chains have decided to maintain the status quo while waiting for travelers to return. Hyatt and Radisson are the two biggest chains that are continuing to develop properties in November at roughly the same rate they were in the spring.
  • Shrinking Development – Other chains are tightening the belt and reducing construction activity (although by no means bringing it to a halt). Hilton, Marriot, and Wyndham are growing, just at a slower rate than they were building back in March and April.

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