U.S. Markets closed

La Quinta CEO: Leisure, Corporate Travel Growing With Economy

Consumer confidence is picking up with economic growth and that is helping fill hotel rooms, said Wayne Goldberg, CEO of La Quinta. Blackstone took the company public in April at $17 per share and the private equity giant remains a majority shareholder. Goldberg said Blackstone is an excellent partner and will continue to support the business. Goldberg said that higher oil prices have not adversely affected the company's leisure travel business so far this summer and he does not expect them to do so. Finally, Goldberg said that La Quinta focuses on driving loyalty by leveraging the technology carried by his guests.