The CEO of Holiday Inn owner Intercontinental Hotels expects travel and tourism to bounce back in the latter half of the year, and is warning of capacity constraints. Keith Barr told MarketWatch that once a market opens, Intercontinental is seeing a surge in leisure demand. Barr says its just-opened Seychelles resort is running at 80% occupancy at record average rates.
The supply-chain disruptions rippling across the business world are taking a heavy toll on small companies, which have fewer resources to absorb or push back on price increases and less leverage to pass along the higher costs to customers. Forty-four percent of small businesses surveyed by Vistage Worldwide reported supply-chain problems in March. Multiple forces are driving supply-chain woes, from coronavirus infections among employees and temporary business closures to backlogs at ports and weather-related problems
