As iconic hotel brands languish, these are the coronavirus lodging sector winners – CNBC
Noisy. Inconsistent. Volatile.
Those were the adjectives used by CEOs of major travel operators this earnings season to describe the future of the pandemic-hit industry.
Expedia and Booking Holdings both saw a roughly 90% drop in gross bookings in the second quarter, reflecting just how difficult the past three months have been for the travel and hospitality sector.
While the outlook remains uncertain, there is one segment of the travel market on fire: vacation rentals.
With the center of gr…