Marriott CEO Capuano on Arne Sorenson, Travel, Expansion

The video discusses the legacy of Arnie, a beloved leader, and Marriott's recovery from the pandemic. It highlights the company's focus on reflection and resolve, the impact of the pandemic on travel, and the recovery trends in China. The blending of business and leisure travel is noted, along with the importance of government support and vaccine rollout. The video also covers Marriott's real estate strategies and the demand for conversions and branded residential business.

What are the two lenses through which the teams are encouraged to view the current situation?

• Reflection and resolve

• Challenge and opportunity

• Innovation and growth

• Risk and reward

What segment is leading the recovery in Marriott's occupancy rates?

• International tourism

• Corporate events

• Leisure segment

• Business travel

What trend has emerged in travel during the pandemic?

• Decline in domestic travel

• Rise in international travel

• Increased solo travel

• Blending of leisure and business travel

What has been a key factor in boosting travel demand according to the discussion?

• Government stimulus

• Lower travel costs

• Increased marketing efforts

• Vaccine rollout

What strategy is Marriott using to expand its brand presence?

• Building new hotels

• Converting independent hotels to Marriott brands

• Focusing on domestic markets

• Reducing room rates

What recent expansion did Marriott announce in their resort portfolio?

• Opening new city hotels

• Adding 19 all-inclusive resorts

• Partnering with airlines

• Launching a new budget brand

Which segment of Marriott's business has been insulated from the pandemic?

• Branded residential business

• Corporate travel

• Event hosting

• Luxury hotels