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Group bookings still a big growth driver for Marriott in 2024
Hotel chain Marriott International (MAR) has set its sights on hitting major growth figures this year, expecting a 3 to 5% rise in worldwide revenue growth and 5.5 to 6% in net growth in its full-year guidance. Marriott International CEO and President Anthony Capuano chatted with Yahoo Finance Executive Editor Brian Sozzi about the kind of growth the hotel operator wants to see in corporate group bookings, specifically around the 2024 election season and in China. "In the first quarter, we were up 6% year-over-year. We're approaching double-digit growth as we look into the back half of the year," Capuano says, going on to comment on Marriott's presence in the Chinese market. Watch Brian Sozzi's full interview with Mariott International CEO Anthony Capuano. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
