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Marriott says booking window in Greater China down to under three days
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Marriott says booking window in Greater China down to under three days
Sep 6, 2024 1:08 PM

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.

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