Despite tariffs, hotel operators double down on China expansion and eye Vietnam [CNBC]
Loews Corporation (L)
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Source: CNBC
Despite tariffs, hotel operators double down on China expansion and eye Vietnam VIDEO 11:50 Hotel CEO says trade war makes U.S. less welcoming A number of hotel CEOs at the NYU Hospitality Conference in New York this week said tariffs and heightened rhetoric between officials in Washington, D.C., and Beijing have made the U.S. a less appealing destination for international travelers. "The concern is that the image out around the world, where millions and millions are traveling for the first time, is that the U.S. is not a welcoming destination … and we continue to lose market share," Jonathan Tisch, CEO and chairman of Loews Hotels, told CNBC. However, the U.S.-China tensions have emboldened U.S. hotel operators to double down on their expansions across China to ensure they get their brand in front of the important Chinese traveler. Large hotel operators Marriott Hilton Hyatt "On a global basis, one of the key megatrends is Chinese outbound travel," Hyatt CEO Mark Hoplamazian told C
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