Slowdown in travel spending just a blip?
Marriott is watching to see if higher-end consumers continue to pull back on travel spending in the third quarter
High-income consumers continue to prioritize travel, but the company noted a slight decline in ancillary spending on items such as food, beverages and spa services in the second quarter.
Key takeaways
- "We'll be watching this trend over the next few quarters to see if it's a temporary blip or a sign that consumers are becoming more cautious with their spending," Marriott International CEO Anthony Capuano said at a travel conference in New York;
- While ancillary spending in the second quarter was up from a year ago, it fell short of the company's expectations, Capuano said.
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