Shares of Marriot and other hotel chains pushed toward record highs Thursday as investors anticipated that new stimulus checks for millions of Americans and relaxed travel restrictions will lead to more bookings.
Online travel bookings site Expedia rose by 2.1% at end at a record close of $171.08. Marriott tacked on 1.6% to end at $148.83, a third winning session. The stock two weeks ago logged its all-time high of $159.98.
Some industry watchers have said consumers having more spending money can help the travel sector recover from the coronavirus crisis, but hurdles remain. The pandemic is still not over and millions of Americans are still out of work, they’ve cautioned.
But COVID-19 case counts “continue to decrease every day,” as more people are vaccinated, New York Governor Andrew Cuomo said Thursday as the state lifted its requirement for domestic travelers to quarantine after arrival, effective April 1. International travelers will still be required to quarantine.
“We take pride in operating a highly inclusive environment and we believe that the facilitation of gatherings is a central element of what we do as a hospitality company,” a Hyatt spokesperson told Fox Business in response to hosting CPAC in its Hyatt Regency hotel in Orlando, Florida.
“We believe in the right of individuals and organizations to peacefully express their views, independent of the degree to which the perspectives of those hosting meetings and events at our hotels align with ours.”
The Hyatt spokesperson said the chain is responsible for creating an inclusive environment for all guests.
People initially took to Twitter over the weekend to call out the American hotel chain for hosting the conservative event, which is featuring speeches from Republican lawmakers, former White House officials, and former President Donald Trump. Many people took issue with the design of the event’s stage, which was reminiscent of symbol used by the Nazi party.
“Austin offers people the cachet of a cool cultural center and a burgeoning tech hub paying high wages, while still remaining much more affordable than coastal markets like San Francisco, San Jose, and Seattle,” Jeff Tucker, a senior economist at Zillow, told Insider’s Natasha Solo-Lyons in December.
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Miraval Austin has 117 guest rooms on 220-acres of land to create a “one-of-a-kind restorative haven.”
Its latest extended stay offer was designed to allow people considering a move to Austin a chance to “test drive the area” before officially committing to a move.
The package starts at $18,504 for a month-long single occupancy stay.
Guests who book the deal will also get four additional nights for free.
The offer also includes a free aromatherapy Swedish massage …
… and $175 nightly credits to use on the resort grounds.
“There has been significant interest in the last week alone, with many phone inquiries and online chat inquiries about extended stays,” Anthony Duggan, area vice president and general manager of Miraval Austin, told Insider in an email statement.
The resort, located by Lake Travis, is about a 30 minute drive to Austin.
This means anyone staying at the hotel under its new package will be able to easily explore the nearby city.
Miraval also offers Austin-focused features that can be seen throughout its decor and meals, according to the hotel.
However, living at the Miraval resort for a month would probably be much more luxurious than living in a typical Austin apartment.
For starters, most apartment buildings in Austin probably don’t offer unlimited smoothies, coffee, or teas like Miraval does.
The hotel also has a catalog of “restorative outdoor activities” for its guests.
This includes a “challenge course,” hikes, yoga, and horseback riding.
And Miraval’s list of on-site activities doesn’t just stop at outdoor adventures.
Unlike most hotels near a major city, Miraval was designed to be a “spa destination” with different wellness programs.
This emphasis on wellness can be seen throughout its lineup of other resort experiences.
This includes Miraval’s list of culinary, “creative expression,” and “spirit and soul” offerings …
… as well as a variety of spa-related activities, including “body renewal rituals.”
Want to learn how to play with shadows for your Instagram photos? Miraval has an experience for that.
Looking for someone to help you through difficult times? Hit up the hotel’s wellness counselor or spirit guide.
Bee enthusiasts can also learn how to become a beekeeper on the hotel’s property.
If all of this sounds enticing to you, Miraval’s extended stay offer also includes a shuttle to bring guests to and from the Austin-Bergstrom International Airport.