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HIlton CEO Chris Nassetta on why leisure travel is coming back

Hilton CEO Chris Nassetta talks with Yahoo Finance reporter Jen Rogers on why he believes the leisure travel industry is making a comeback.

Video Transcript

CHRIS NASSETTA: People want to travel, right? If you talk to people, I think it's like 95% of people say they miss travel. And 95% or 96% of people say some of their best memories, if not their best memories, involve travel. And so they want to get out. And so they are.

And the fact of the matter is that, you know, they have more time in the sense that, you know, in many cases, their kids either during the summer were not in school. Now they're not back in school. Many offices haven't opened, and people are working, you know, virtually. Kids are going to school virtually.

And so people have a lot more flexibility with their time. So you put more flexibility with their time together with a burning desire to get out and travel and a burning desire to create new memories, and that's-- you know, that's brought you a whole bunch of leisure business.