May 17, 2021

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Marriott CEO Expresses “Measured Optimism” for Hospitality Rebound

2 min read
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Smithtown, NY, April 28, 2021-Marriott International CEO Anthony Capuano expressed ‘measured optimism’ on the latest state of the U.S. lodging business and a prospective rebound, when acknowledging there is still some ‘heavy lifting’ for hoteliers to do, reviews Lodge Interactive.

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“The extensive-time Marriott executive-who took about the reins of the enterprise in February following the demise of past CEO Arne Sorenson-began by conveying his optimistic outlook.

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“I’m optimistic for the reason that I seem at our facts and I see solid 7 days-in excess of-7 days improvement in desire in lots of spots of the entire world. I hear from our consumers just about every working day and they are really anxious to get on the street. They’re considerate and they are careful, but the volume of pent-up demand from customers is really amazing,’ he said.

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“Capuano was also bullish regarding the company’s progress quantities and what that indicates going ahead. When he acknowledged that for the general marketplace the ‘pace is meaningfully lessen than what we observed pre-pandemic’ when it comes to new design projects he credited Marriott’s franchisees for having a long-phrase outlook and keeping progress likely.

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“‘The seriously attention-grabbing detail as we seem at our pipeline for the very last selection of quarters is that even with the pandemic raging we’ve found the range of underneath-design rooms globally stay rather reliable. We’re at about 220,000 rooms under design, as well as or minus, as we sit in this article these days. One particular of the really encouraging items is that quantity hasn’t moved much around the past numerous quarters,’ he commented.”

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