The world’s largest hotel company said it’s not noticing any signs of consumers balking at traveling despite concerns about the economy.
a 70% year-over-year increase in second-quarter revenue to $5.34 billion as people grew more comfortable traveling during the pandemic.
“While we are closely monitoring consumer and macroeconomic trends, we have yet to see signs of a slowdown in global lodging demand,” Marriott CEO Anthony Capuano said on a conference call, pointing to pentup demand and “the shift of spending towards experiences versus goods” as drivers of the company’s surging finances.The company’s luxury hotels in the U.S. and Canada recorded a 76.2% increase in revenue per available room on a constant-currency basis, while its U.S.
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