Marriott CEO: Hotel chain bullish on travel recovery, China

Marriott International (MAR) CEO and President Anthony Capuano joins Yahoo Finance Executive Editor Brian Sozzi to weigh in on the state of the hospitality sector, both in U.S. and international markets.
Having recently reported third-quarter earnings, Marriott outperformed expectations with a 6-8% growth in revenue per available room globally. Capuano is optimistic on the post-pandemic chapter for travel bookings, noting that “folks have concluded how much they love to travel," with the COVID-19 lockdowns acting as a generational "accelerant" for younger travelers as global borders slowly opened back up.
Capuano states that Marriott remains heavily invested in the Chinese market, describing Marriott as having a "different, unique, and advantageous approach" to the region as the country undergoes an economic recovery. Capuano insists that, overall, the hotel's ultimate goal is “putting people first” which will be reflected in its operations going forward in 2024.
Click here to watch more from Yahoo Finance Invest.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
#youtube #stockmarket #yahoofinance
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp

Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV