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The Fox News Rundown

Business Rundown: Marriott CEO Talks Summer Travel & Luxury On A Budget

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.41.7K Ratings

🗓️ 24 May 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

Memorial Day weekend is upon us, and while so many are packing up their luggage to get away, this week’s FOX News poll showed 55 percent of Americans are not planning to travel this summer. Why? High prices. But travel industry leaders say not so fast; you can still vacation without breaking the bank. Fox Business' The Claman Countdown anchor Liz Claman speaks to President and CEO of Marriott International Anthony Capuano about the resilience of the travel industry during the pandemic, record numbers of Americans traveling this summer, and Marriott’s own insider tips on how families can vacation in luxury, even with a tight budget. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:19.0

Samsung Neo Q LED Range. Bring it home. Features vary by model.

0:24.6

Visit Samsung.com for more information.

0:28.6

I'm Liz Klayman and this is the Fox Business Run Down.

0:33.0

It's Friday, May 24, 2024 and with Memorial Day weekend upon us Americans have travel on their minds.

0:45.5

While some already have their plans locked in, more than half of American surveyed

0:50.0

say they are not taking a summer travel vacation

0:53.5

due to the increased cost.

0:55.3

But some companies say, hold up,

0:57.8

they've got options for how to vacate on a budget.

1:01.2

Well, the summer looks really promising.

1:03.8

We're seeing forward bookings here in the U.S. for Memorial Day up a few points over a strong

1:08.3

23 and forward bookings into Western Europe coming out of the US, up over 7%.

1:14.4

So we're quite in close.

1:15.9

Memorial Day weekend is here.

1:18.1

It marks for so many people the start of the summer vacation season.

1:22.1

Tens of millions of Americans have already

1:24.8

started stuffing their carry-on bags, packing up the car, readying their camping gear.

1:29.1

The cruise line industry saying ticket sales are nearing pre-pandemic levels but while it is

...

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