Marriott International Inc
Higher hotel prices look sustainable if we deliver on the service, says Marriott CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Tony Capuano, Marriott CEO, joins ‘Squawk on the Street’ to discuss where Capuano sees the opportunity for Marriott going, when foreign travelers into the U.S. gets back to pre-pandemic levels and how the luxury business will perform amidst current market volatility. Source
Read More
Goldman analysts love these stocks, but the rest of Wall Street not so much
The stock market has fallen more than many Wall Street experts expected this year, so some investors are looking for less conventional, more contrarian ideas. Goldman Sachs’ Deep Mehta compiled a list of stocks that Goldman analysts rate a buy while more than half of all other Wall Street analysts do not. “These names appear […]
Read More
Travelers are upset about rising costs, but most aren’t canceling their plans just yet
Summer travel talk sure isn’t what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which could derail a much-needed 2022 summer travel comeback. Travel conversations on Twitter decreased 75% from April to May, while discussions related to gas […]
Read More
Why Marriott, Hilton and Hyatt say hotel prices are only going up
Despite high inflation, a softening economy, and fears of a recession, the hotel industry is not seeing any slowdown. It’s the exact opposite, with Hilton CEO Chris Nassetta predicting that the hotel chain will “have the biggest summer we’ve ever seen in our 103-year history this summer.” Few industries were hit as hard as travel […]
Read More
Travel industry calls on White House to end Covid-19 testing requirement for travelers from overseas
A man checks in at a Covid-19 testing site in the international arrivals area of Los Angeles International Airport in Los Angeles, California on December 22, 2021. Frederic J. Brown | AFP | Getty Images Travel and hospitality CEOs are stepping up pressure on the Biden administration to scrap a requirement that anyone flying into […]
Read More
Marriott CEO Tony Capuano: Pent up travel demand is creating ‘extraordinary pricing’
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Marriott CEO Tony Capuano sits down with CNBC’s Andrew Ross Sorkin at the 2022 World Economic Forum to discuss how the company is adapting to strong demand following the Covid-19 pandemic. Source
Read More
Big travel company CEOs hope market, economic turmoil won’t derail a summer season rebound
As economic pundits raise fears about a recession, the most powerful names in travel and hospitality are pushing back, pointing to bookings that illustrate a positive picture of the American consumer. “We think this summer is going to be gangbusters for travel,” Marriott CEO Tony Capuano told last week. Marriott saw an 81% rise in […]
Read More
We think the summer is going to be gangbusters for travel demand, says Marriott CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Tony Capuano, Marriott CEO, joins ‘Squawk on the Street’ to discuss the company’s quarterly earnings results, whether global travel recovery will be sustained despite inflationary pressures and how strong business travel will be this summer. Source
Read More
NBA’s Milwaukee Bucks are seeking $4 million annually for the Deer District property’s naming rights
Milwaukee Bucks Deer District real estate project. Source: Milwaukee Bucks The Milwaukee Bucks, in their quest to repeat as NBA champions, this weekend will begin playing the Boston Celtics in the Eastern Conference semifinals. Off the court, the team is seeking $4 million annually for entitlement rights to its plaza inside Deer District, a 30-acre […]
Read More
Swanky vacation rentals across the Middle East look to capitalize on ‘revenge tourism’ trend
Luxury Explorers has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the “Beverly Hills” of the UAE. Luxury Explorers’ Collection DUBAI, United Arab Emirates — In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today’s traveler — who has very different […]
Read More