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Marriott CEO says company watching if slowdown in spending from lower-income travelers is sustained
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Marriott CEO says company watching if slowdown in spending from lower-income travelers is sustained
Sep 22, 2024 12:06 AM

NEW YORK, Sept 18 (Reuters) - Marriott International's ( MAR )

Chief Executive Officer Anthony Capuano said on

Wednesday that the company is watching if the slowdown in travel

spending from lower-income consumers will hold in the

third-quarter.

"In the second-quarter, we saw just a little bit of a

pullback on the ancillary spend food, beverage and spa,"

Capuano said at a travel conference in New York. "We'll watch

that over the next couple quarters to see if it was a blip or if

they're being a little more judicious in their spending."

(Reporting by Doyinsola Oladipo in New York;)

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