Marriott CEO named as Tony Capuano, president for global progress

Marriott on Tuesday named Tony Capuano as its main govt officer, tasking the 25-year veteran of the world’s biggest hotel chain with charting a route out of the industry’s worst disaster.

Capuano succeeds Arne Sorenson, who died last 7 days right after a fight with pancreatic most cancers and through whose tenure Marriott struck a $12.2 billion offer to buy Starwood Inns & Resorts Throughout the world Inc.

Capuano, who most not long ago headed the company’s U.S. and Canada lodging organization, requires the reins at a time when the Covid-19 pandemic has decimated travel desire, pushing Marriott to its first full-calendar year reduction in much more than a 10 years.

While resort occupancy costs have recovered from the lows hit last calendar year, the emergence of new variants of the coronavirus has forged a shadow on the recovery of the hospitality business.

Analysts be expecting a broader rollout of Covid-19 vaccines later this year to first assist a rebound in leisure travel, leaving business journey-reliant resort chains such as Marriott and more compact rival Hilton Globally having difficulties for extended.

Marriott also named Stephanie Linnartz, team president, client operations, as its president.

“Tony has a deep appreciation for Marriott’s thousands of associates who in the long run deliver on our purchaser and brand name guarantee and I know he will be a superb steward of our culture,” Executive Chairman JW Marriott, Jr mentioned in a statement.

Correction: This wire story has been up to date to correct the spelling of Tony Capuano’s title in some situations.