International President of Marriott International and CEO Anthony Kapuana unpack the hotel reservation amid the tariff’s concerns on “Claman Countdown”.
Marriott International CEO Anthony Capuwan shared some understanding of budget travelers during Monday’s speech on “Claman Controddow”.
He told Lead Lisa Claman that consumers with low -income Marriott International ‘income “continue to prioritize the journey but they want to do it in A, A more careful price“Referring to the cost data that the company has through its relationship with credit card.
CEO of Marriott International Anthony Capuwana .
This forced Marriott International “to push so much over the last two years into the average scale segment that is a segment where we have not worked historically,” Kapuwan reports.
Get the Fox Business on the go by clicking here
He said it started with the acquisition of City Express. The company purchased the City Express brand with Hoteles City Express, Sab de CV in 2022 for $ 100 million.
(Roberta Mac
“We also organically developed an expanded termination Average product He called the studio, “he said Klaman.
Marriott’s first studios opened on Monday at Fort -Maiers, Florida. The expanded termination hotel offers numbers in the studio complete with one or two beds, rest and cuisine with a microwave on the stove and a full-size refrigerator, “the press release said.
Asked about what distinguishes him from other Marriott brands, Capuaana told Claman that “starts with the cost”.
Marriott CEO says “the right thing” about Dei, receives in response 40,000 letters
“It starts with much more modest services,” he added. “These are people who may be on a temporary assignment, perhaps a construction project or a consultative assignment. They can be digital nomads.”
He said “this product really resonates with more economical consumers.”
Capuano also advertised the “width” of the Marriott portfolio, saying that the company could “offer” Correct home For every purpose of a trip that often changes regardless of income. ”
(Matthias Balk/Picture Alliance through Getty Images)
Marriott brands Include Ritz-Carlton, St. Regis, Sheraton, Courtyard, Westin, Moxy and others.
The company received $ 6.26 billion for the first quarter. Meanwhile, its net income was $ 665.
