A Marriott hotel in Little Rock, Ark. Photo: Al Drago/Bloomberg via Getty Images
Travelers are going out of their way to delay bookings amid concerns about the economy, according to the CEO of the world's largest hotel company.
⏰ Consumers are waiting until less than three weeks before their travel window before pulling the trigger, Marriott CEO Tony Capuano told Bloomberg TV today.
"That consumer, because of all of this uncertainty, is sort of standing on the edge of the pool saying, 'Should I book? Should I wait?' Thankfully so far they've been booking."
Yes, but: He added that the trend has stabilized in recent weeks.
"What we hear from that lower-income consumer, they absolutely — just like the higher-income consumer — are prioritizing travel and experience, but they need to do it through a value lens," Capuano said.
