Sept 5 (Reuters) - Hotel operator Marriott International ( MAR )
said on Thursday a key bookings metric in Greater China
is now under three days, amplifying caution around travel plans
amid rising uncertainty in the world's second-largest economy.
"The ability to really build in creative and aggressive
pricing strategy is impacted pretty significantly (by the short
booking window)," CEO Anthony Capuano said at the Bank of
America Gaming and Lodging Conference.
The three-day booking window is the shortest he has seen,
Capuano added.
Booking window refers to the number of days between the
reservation date and actual arrival.
In July, Marriott ( MAR ) lowered its forecast for 2024 room revenue
growth, citing softer domestic travel demand in China and North
America.
Capuano also said on Thursday the lack of inbound
international travel in China and limited flight capacity have
posed a challenge to the company.