RTO Boosts Business Travel, Puts A Dent In Domestic Leisure Traffic As Hotel Demand 'Normalizes' Business travel is back big, but as Americans trickle back to the office, that gain has brought some pain on the leisure side, according to executives at some of the nation's largest hotel chains and hospitality REITs. Across the board, hospitality executives projected confidence in the strength of business and group travel demand to investors during their latest round of quarterly earnings calls. But they were less certain about leisure trends, characterizing the first quarter as a return to normalcy after travelers flocked to resorts and urban centers in the wake of pandemic restrictions lifting worldwide. 
Leisure demand was roughly flat or down year-over-year for a majority of hospitality companies in the quarter, a slowdown largely attributed to poor weather, the Easter holiday falling earlier in the year than usual and greater numbers of workers doing business at the office rather than at home or on the… Read the full story here. | 
