Marriott CEO says company watching if slowdown in travel spending was 'just a blip'
Corrects story to reflect company is monitoring ancillary spending of higher income travelers not budget travelers
By Doyinsola Oladipo
NEW YORK, Sept 18 (Reuters) -Marriott International's MAR.O Chief Executive Officer Anthony Capuano said on Wednesday that the company is watching to see if higher-end consumerswill continue to pull back their travel spendingin the third quarter.
High-income consumers continue to prioritize travel, but the company inthe second-quarter saw a smallpullback onancillary spending such asfood, beverage and spa services.
"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," Capuano said at a travel conference in New York.
Ancillary spending rose year-over-year in the second quarter but not quite as much the company had anticipated, Capuano added.
Reporting by Doyinsola Oladipo in New York; Editing by Cynthia Osterman and Chizu Nomiyama
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