How Marriott's CEO Was Appointed During Significant Challenges

At Barron's

Business

4.7 • 17 Ratings

🗓️ 31 July 2025

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Marriott International's Anthony Capuano spoke about when he was named chief executive officer of the hotel chain after the death of Marriott's then-CEO and amid the Covid-19 pandemic. "It was, you know, on a personal level, extraordinarily emotional," Capuano said. This interview was recorded on June 2, 2025. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Race the rudder, raise the sails, raise the sales!
0:05.0	Captain, an unidentified ship approaching. Over.
0:07.0	Roger that. Wait, is that an enterprise sales solution?
0:13.0	Reach sales professionals, not professional sailors.
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0:26.7	That's LinkedIn.com slash lead. Terms and conditions apply.
0:34.8	Hello, everyone, and welcome to Ad Barons. I'm Andy Sur Surwer and welcome to our guest, Tony Capuano,
0:40.3	who is the CEO of Marriott. Great to see you, Tony. Thanks for having me. It's great to be here.
0:45.3	So I want to start off by asking you about travel trends, consumers, domestically and internationally.
0:51.3	Let's start off with the United States. Are we seeing any changes
0:55.0	given what's going on in the economy?
0:57.0	Yeah, so it's interesting. We just did Q1 earnings and we talked a bit about trends globally
1:04.0	and by region. On a global basis, revenue per available room, which is really the most important
1:10.0	metric for our industry,
1:11.9	we were up a little over 4%, but only...
1:15.5	For the quarter.
1:16.5	For the quarter, correct.
1:17.3	But barely 3% in the US and about 6% internationally.
1:21.6	So we are seeing relative, more modest demand growth here in the US. But really the quarter was impacted by March.
1:30.3	So January and February, both domestically and internationally,
1:33.3	we came out like gangbusters.
	...

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