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Stephanie Linnartz of Marriott International in 2018. Photo: Patrick T. Fallon/Getty Images

“People are dying for experiences now more than ever,” Stephanie Linnartz, Marriott International president, tells Axios.

  • “Leisure travel in many states and parts of the world is beating 2019,” Linnartz notes, speaking on the sidelines of Fortune’s Most Powerful Women Summit.

Why it matters: The economy is swinging back toward spending on services, but low wages and working conditions have caused record numbers of people to quit the industry.

  • Leisure and hospitality workers quit at a 6.4% rate in August, more than double the total rate across all industries.

What she's saying: “We're doing a lot to make sure, as we go out and try to hire people back into our hotels, [that] they see us as a career, not just as a job,” says Linnartz.

  • While the company has raised wages and offered signing bonuses and incentives, Linnartz believes that offering people the opportunity to work their way up differentiates Marriott from competitors. 
  • “People want careers and futures, and I think that’s the magic sauce.”

What we're watching: Even though some aspects of travel will change forever, Linnartz sees remote work and "blesiure" — a blend of business and leisure travel — driving future growth through extended stay bookings.

  • Companies that opt to do away with offices are convening staff together several times a year. And employees who can live anywhere will continue to take advantage of the flexibility, she says.

The bottom line: "While some segments of business may go down, I think new ones will blossom up, and net, net ... I'm very bullish on the future of travel."

Go deeper

Record number of U.S. workers quit their jobs in August

New government jobs data released Tuesday helps paint a clearer picture of the impact the Delta variant had on the stalled jobs recovery in August. In a nutshell, more people quit their jobs, and companies pulled back on job openings.

Why it matters: The number of new jobs created in August (366,000) was a stark slowdown from July’s 1 million — and a reality check for investors and economists.

"No-code" miracle for startups

Expand chart
Data: Interactive Advertising Bureau; Table: Axios Visuals

The U.S. has reached a tipping point in its shift from the industrial economy — one that relied on the buildout of hardware — to an information economy that relies on the transfer, storage and implementation of data, according to a new report.

Why it matters: This shift towards a data and information-based economy has allowed more businesses to establish themselves and scale quickly and at a very low cost. As such, the number of jobs created by the commercial internet has more than tripled since 2012.

Amazon's small business shield

Illustration: Aïda Amer/Axios

Amazon is touting the success of small sellers on its platform through the pandemic — and warning that antitrust legislation could jeopardize that success and blow up its open-marketplace model.

Why it matters: As online shopping became a lifeline for both businesses and consumers during the pandemic, Amazon reaped big benefits, but also saw its regulatory risk grow.