Marriott CEO says company watching if slowdown in spending from lower-income travelers is sustained
NEW YORK, Sept 18 (Reuters) -Marriott International's MAR.O Chief Executive Officer Anthony Capuano said on Wednesday that the company is watching if the slowdown in travel spending from lower-income consumers will hold in the third-quarter.
"In the second-quarter, we saw just a little bit of a pullback on the ancillary spend [on] food, beverage and spa," Capuano said at a travel conference in New York. "We'll watch that over the next couple quarters to see if it was a blip or if they're being a little more judicious in their spending."
Reporting by Doyinsola Oladipo in New York;
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