Marriott CEO: ‘we continue to see remarkable pricing power’


Marriott CEO: ‘we continue to see remarkable pricing power’

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >


Wajeeh Khan

Jun 7, 2022

Tony Capuano says demand in all markets but Greater China is extraodinary.

Forwarding bookings within Europe are now up 50% versus 2019 levels.

Shares of the hospitality company have recovered over 15% since May 24th.

Demand for hotels and lodges in all markets but Greater China is “extraordinary” at present, says Tony Capuano; he’s the CEO of Marriott International Inc (NASDAQ: MAR).

CEO’s remarks on CNBC’s ‘Closing Bell’

Still, Capuano added, the hospitality company will benefit further once passengers are no longer required to test for COVID-19 before entering the United States. On CNBC’s “Closing Bell”, he said:

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

For folks that are experienced international travellers, it’s just one more necessary step. But for people that are not, it’s one more thing that gives them pause. So, I think this requirement when lifted will unlock a huge volume of inbound international travellers.

Forward bookings within Europe, as per the chief executive, are now up roughly 50% versus the 2019 equivalent. MAR has recovered more than 15% since May 24th.

Demand remains strong despite higher prices

Last month, Marriott reported results for its fiscal first quarter that handily topped Wall Street expectations. According to CEO Capuano, demand is keeping up in the face of higher prices.

At Memorial Day weekend, our revenue per available room was up 25% versus 2019. I think as long as we’re delivering on service, we continue to see really remarkable pricing power and no pushback from the consumer.

Wall Street, at present, has an “overweight” rating on the Marriott stock. Also on Monday, the U.S. Commerce Department set a promising goal of 90 million international visitors by 2027.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,


75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Visit site


North America


Stocks & Shares

Transport & tourism



Generated by Feedzy