As airlines come under pressure, hotels benefit from business travel

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Third-quarter results from Hilton, Marriott and Hyatt show that demand for business meetings, group events and business stays is accelerating, with hotels benefiting from the recovery in corporate travel. Hilton’s RevPAR for individual business travelers grew 8.3% year over year and group RevPAR grew 8.2%; Marriott’s global RevPAR grew 6.5%, while Hyatt’s group RevPAR grew 8%.