Facebook Campus Hotel a Bet on Comeback for Business Travel

  • Lodging firm citizenM sticks to plan to expand across the U.S.
  • Stakes are high for industry crushed by debt in pandemic era
The Facebook headquarters in Menlo Park.Photographer: Sam Hall/Bloomberg
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Corporate travelers, typically back on the move after Labor Day, are still hunkered down at home, with little telling when they’ll start seeing clients again or if the embrace of video conferencing will end the need to get on the road at all.

It’s a chilling prospect for the hotel industry, which leans heavily on corporate travel departments to fill rooms at full rates. Still, some are banking on a big future for business travel.