Marriott CEO Says Company Is Monitoring Whether Spending Slowdown From Lower-Income Travelers Is Temporary Or A Longer-Term Trend
Portfolio Pulse from Benzinga Newsdesk
Marriott's CEO is observing a potential spending slowdown among lower-income travelers, assessing if it's a temporary issue or a longer-term trend.
September 18, 2024 | 4:45 pm
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Marriott is assessing a potential spending slowdown among lower-income travelers, which could impact its revenue if it turns into a long-term trend.
The CEO's comments suggest a concern about a potential decline in spending from a segment of their customer base. If this trend persists, it could negatively impact Marriott's revenues, leading to a potential short-term negative impact on stock prices.
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