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☆ 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.
☆ We've got lots of pricing power, but are challenged to deliver on services, says Tony Capuano, Marriott CEO
  + stars: | 2022-11-04 | 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 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.
☆ Marriot shares slide on delayed opening of some properties in China
  + stars: | 2022-11-03 | by ( Priyamvada C | ) www.reuters.com   time to read: +2 min
"The market in China is most certainly where we're seeing the most challenges," Chief Executive Anthony Capuano said during an analyst call. Revenue per available room (RevPAR) from Greater China was $64.06 in 2021 company-wide, behind U.S. & Canada and Middle East & Africa. "Looking forward we expect that the recession will mute, but not derail, growth in the U.S. hotel industry. Marriott now expects 2022 adjusted profit per share of between $6.51 and $6.58, compared with its previous forecast of $6.33 to $6.59 per share. Adjusted profit per share was $1.69, one cent above expectations.
☆ Marriott joins Hilton in lifting profit forecast on unabated travel demand
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +1 min
Nov 3 (Reuters) - Marriott International Inc (MAR.O) joined its rival Hilton in raising its annual profit forecast on Thursday, aided by higher pricing and a strong rebound in leisure and business travel even as recession risks cloud consumer spending. Marriott, which owns hotels like Sheraton, Westin and St. Regis, expects adjusted profit per share of between $6.51 and $6.58 this year, compared with its previous forecast of $6.33 to $6.59 per share. Pent-up desire to travel bolstered by a more powerful U.S. dollar and flexible work arrangements have emboldened consumers and extended the travel season into the fall. Last week, Hilton (HLT.N) also bumped its annual profit forecast. Reporting by Priyamvada C in Bengaluru; Editing by Saumyadeb Chakrabarty and Milla NissiOur Standards: The Thomson Reuters Trust Principles.
☆ Young Black activists are done waiting their turn for political office. They're taking on the 'John Lewis generation' of elder lawmakers who they say are out of touch.
  + stars: | 2022-09-29 | by ( Elvina Nawaguna | ) www.businessinsider.com   time to read: +30 min
Most members of the Congressional Black Caucus are twice as old as the median Black person living in the US. The Congressional Black Caucus, a powerful voice for Black Americans, is significantly older than those it speaks for. Clay had replaced his father, William Lacy Clay Sr., a civil-rights icon and founding Congressional Black Caucus member who had represented the area since 1969. Tom Williams/CQ-Roll Call, Inc via Getty ImagesThe Congressional Black Caucus is reckoning with a leftward shift it's struggled to embrace. A spokesperson for the Congressional Black Caucus did not respond to Insider's request for comment.
☆ GM delays return-to-work plans to 2023
  + stars: | 2022-09-27 | by ( David Shepardson | ) www.reuters.com   time to read: +1 min
The U.S. automaker told employees who have been working remotely that it does "not plan to mandate which days of the week will be collaboration days. GM on Friday had cited the dramatic improvement in the COVID landscape for the change "to drive the best collaboration, enterprise mindset and impact." We intend to spend the next few weeks continuing to listen to your feedback so that we incorporate it into our implementation plans." Thousands of GM workers including hourly workers assembling cars have continued in-person work during COVID-19. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Shepardson; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.
☆ Marriott coaxing workers back to office with $600 million building
  + stars: | 2022-09-20 | by ( David Shepardson | ) www.reuters.com   time to read: +1 min
Signage is seen at the Marriott Marquis hotel in Manhattan, New York City, U.S., March 23, 2022. REUTERS/Andrew Kelly/File PhotoBETHESDA, Maryland Sept 19 (Reuters) - Marriott International Inc (MAR.O) believes its new $600 million high-rise headquarters will entice workers to return after more than two years mostly working at home. Register now for FREE unlimited access to Reuters.com RegisterDuring construction, Marriott turned 20% of fixed workstations into "collaboration spaces." Capuano said employees are not required to be in the office but Marriott is "encouraging folks to be here several days a week -- and not just for meetings." Register now for FREE unlimited access to Reuters.com RegisterReporting by David Shepardson; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
☆ 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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