Jodi Lurie

What we're seeing is that high income earners are still willing to travel.

They might not travel as fancy, but they're still willing to travel and they're also more loyal to some of these brands.

So you will see that the Marriotts, the Hiltons, the Hyatts, the Delta, the United and the American might do a little bit better than some of these other lower tier, second level brands.

Bloomberg's Jodi Laurie on Bloomberg this weekend.

People are still traveling and people are planning already to increase their budgets should costs exceed them.

So they're saying, OK, I know that inflation exists, but 24 percent already increased significantly from the start of the year.