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PRO: Watch CNBC's full interview with Marriott CEO Tony Capuano
  + stars: | 2024-01-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPRO: Watch CNBC's full interview with Marriott CEO Tony CapuanoMarriott CEO Tony Capuano joins 'Money Movers' to discuss the company's quarterly earnings results, what Marriott's strength speaks to, and if the company can maintain demand this year.
Persons: Tony Capuano Marriott, Tony Capuano Organizations: Marriott
Marriott CEO: Strong '23 speaks to the resilience of travel
  + stars: | 2024-01-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott CEO: Strong '23 speaks to the resilience of travelMarriott CEO Tony Capuano joins 'Money Movers' to discuss the company's quarterly earnings results, what Marriott's strength speaks to, and if the company can maintain demand this year.
Persons: Strong, Tony Capuano Organizations: Marriott
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott plans to add 230-270K rooms over the next three yearsMarriott CEO Tony Capuano joins Seema Mody on Power Lunch to discuss the state of the consumer on the company's analyst day.
Persons: Tony Capuano, Seema Mody Organizations: Marriott
Marriott and MGM Resorts International announced a partnership Monday to link their loyalty programs and give customers more options for cashing in. Under the deal, MGM guests in the United States can earn Marriott Bonvoy rewards points and Bonvoy members will in turn have access to 17 MGM properties when they spend their points. Those loyalty programs drive business and help to differentiate competitors at a time when travel is continuing to rebound from a pandemic pause. Marriott CEO Tony Capuano said MGM Resorts brings a wealth of intellectual property to the portfolio as well as entertainment, high-end culinary options and other one-of-a-kind experiences. Customers of MGM's sportsbook will earn Bonvoy points on some transactions, and Bonvoy members will see MGM sportsbooks marketing on the Marriott site.
Persons: Bill Hornbuckle, Bonvoy, Tony Capuano, Capuano, Hornbuckle, sportsbook, Adam Greenblatt, Dawn Giel, Jessica Golden, Kasey O'Brien Organizations: Marriott, MGM Resorts International, MGM, CNBC, Las, Cosmopolitan, MGM Resorts, Caesars, Entain Locations: United, Vegas, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMGM & Marriott team up for long-term strategic licensing agreementTony Capuano, MGM Resorts CEO, and Bill Hornbuckle, Marriott CEO, joins 'Squawk on the Street' to discuss why it matters to have more rooms in Las Vegas for Marriott, what MGM gets out of a partnership with Bonvoy, and more.
Persons: Tony Capuano, Bill Hornbuckle, Bonvoy Organizations: MGM, Marriott, MGM Resorts Locations: Las Vegas
Indian Prime Minister Narendra Modi waves to supporters as he arrives at the Lotte New York Palace hotel in New York City, June 20, 2023. As China's economy falters, top U.S. corporate executives are making it a priority to meet Prime Minister Narendra Modi during his state visit to the White House, including Thursday's dinner. The administration is going all out to give the prime minister a close-to-royal welcome," Frank Wisner, former U.S. ambassador to India, told CNBC. China is one of the agenda items when Modi meets with Biden and U.S. executives Thursday and Friday. With China's economy decelerating and political tensions high, corporate America has taken steps to diversify away from the country.
Persons: Narendra Modi, Tim Cook, Sundar Pichai, Satya Nadella, Raj Subramaniam, Frank Wisner, Tony Capuano, Cummins, Jennifer Rumsey, Safiya Ghori, Ahmad, Atomics, Antony Blinken, Xi Jinping, Modi, Biden, Wisner, Elon Musk Organizations: Indian, Lotte New, Lotte New York Palace, White, Apple, Microsoft, FedEx, White House, CNBC, Marriott, Electric, Hindustan Aeronautics, Atlantic Council, Senate Foreign Relations Committee, U.S, Modi, Tesla Locations: Lotte New York, New York City, India, New Delhi, U.S, Delhi, China, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott CEO Tony Capuano: Recovery has been consistent across every travel segmentMarriott CEO Tony Capuano joins 'Squawk Box' to discuss this year's summer travel demand, the strength of the travel industry, and more.
Persons: Tony Capuano Organizations: Marriott
Yet despite all odds, 61% of those surveyed said they plan to travel this summer, up from the 49% who said the same in summer 2021. Some 56% of adults are more likely to stay in a hotel this summer than they were in 2022, according to the AHLA/Morning Consult survey. Booking Holdings is also an analyst favorite, with an average rating of overweight and 10% upside to the average price target, per FactSet. While prices are still high, the latest consumer price index for April showed the airline fares index fell 2.6% month over month, after rising in February and March. Airlines are essentially sold out for summer travel, according to TD Cowen analyst Helane Becker.
Persons: Matt Kramer, They're, You've, Sylvia Jablonski, Kramer, Freed, Bernstein, David Vernon, Price, Robin Farley, Farley, James Hardiman, Hardiman, Josh Weinstein's, RevPar, Tony Capuano, Chris Nassetta, Biden, Hilton, they've, Airbnb, Brian Chesky, it's, Evercore, Mark Mahaney, amortization, Mahaney, Cowen, Helane Becker, Becker, — CNBC's Michael Bloom, Ashley Capoot Organizations: KPMG, KPMG Consumer, Survey, Cruise ETF, Royal, Holdings, Marriott, United Airlines, Morning, American, & Lodging Association, Cruises, UBS, Citi, CCL, CNBC, Hilton Worldwide, U.S . Travel Association, State Department, Booking Holdings, Booking, Airlines, Delta Air Lines, Copa Holdings, Panamanian, Copa Airlines Locations: United States, Royal Caribbean, United, Caribbean, CocoCay, Thursday's, China, North America, Asia, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott CEO: We saw improvement in every region of the world in Q1Tony Capuano, Marriott International CEO, joins 'Squawk on the Street' to discuss the evidence Capuano sees of a slowdown in travel, what the chief executive is seeing in forward booking demand and much more.
Marriott Ceo Tony Capuano on why he's betting on yachts
  + stars: | 2023-02-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott Ceo Tony Capuano on why he's betting on yachtsMarriott CEO Tony Capuano walks with CNBC's Seema Mody on board the Ritz-Carlton yacht and reveals why the world's largest hotel operator continues to diversify its travel offerings
Marriott Earnings Top Views as Travel Demand Holds Strong
  + stars: | 2023-02-14 | by ( Will Feuer | ) www.wsj.com   time to read: 1 min
Marriott International said its average room rates in the most recent quarter were 13% higher than prepandemic levels. Marriott International Inc. posted a 33% jump in revenue for the recently ended quarter, as tourists, business travelers and others continued to pay up for rooms despite higher rates. Chief Executive Tony Capuano said that demand for leisure travel in the U.S. and Canada — the company’s biggest market— held strong, and group travel topped prepandemic levels. Demand for business travel, which has been slower to return, was nearly 90% recovered to prepandemic levels in the U.S. and Canada as companies sent their employees on the road once again, he said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Blended trips' have become latest trend in travel habits, says Marriott's Tony CapuanoTony Capuano, Marriott International CEO, joins 'Squawk on the Street' to discuss the demand for travel in 2023, rate increases associated with business travel, and employment trends in the travel and leisure business.
Watch CNBC's full interview with Marriott CEO Tony Capuano
  + stars: | 2022-11-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Marriott CEO Tony CapuanoTony Capuano, Marriott CEO, joins 'Closing Bell' to discuss the leisure and hospitality sector findings in the jobs report, the appetite to fill available job positions and 2023 demand numbers.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've got lots of pricing power, but are challenged to deliver on services, says Tony Capuano, Marriott CEOTony Capuano, Marriott CEO, joins 'Closing Bell' to discuss the leisure and hospitality sector findings in the jobs report, the appetite to fill available job positions and 2023 demand numbers.
Marriott CEO says lodging demand is 'roaring back'
  + stars: | 2022-09-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott CEO says lodging demand is 'roaring back'Marriott CEO Tony Capuano joins 'Squawk on the Street' to discuss the company's new headquarters despite the hybrid work model and more.
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