Marriott International’s Chief Executive Officer, Anthony Capuano, stated that the appetite for luxury travel remains robust, with no signs of slowing down. Capuano made these remarks during an interview on Wednesday, highlighting ongoing demand for high-end accommodations.
“We continue to see really strong demand in the luxury segment,” Capuano said. “We have not seen any meaningful slowdown.”
Capuano’s comments follow Marriott’s announcement of a 4.2% increase in global revenue per available room for the first quarter, compared to the same period last year. The company also reported that revenue per available room in the United States and Canada rose by 1.5% during the quarter.
According to Capuano, luxury travel demand is being driven by both leisure and business travelers. He noted that the company’s luxury portfolio, which includes brands such as Ritz-Carlton, St. Regis, and W Hotels, continues to perform well.
Marriott’s CEO also addressed concerns about potential impacts from economic uncertainty and geopolitical tensions. “We’re watching the macroeconomic environment carefully, but so far, demand has remained very strong,” Capuano said.
Capuano added that Marriott is seeing growth in international markets, particularly in Asia and the Middle East. He highlighted that the company is expanding its presence in these regions to meet increasing demand.
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