Marriott Is Very Bullish on Power of Travel: Menon

The video discusses Marriott's strategic positioning in the Asia Pacific region amid economic challenges like the banking crisis and high inflation. It highlights the strong recovery in travel demand, with significant occupancy growth in markets such as Australia, India, and Korea. The reopening of China is seen as a major factor influencing future growth, with expectations of increased Chinese tourism. The video concludes with an optimistic outlook for travel opportunities in the second half of 2023, as more countries open their borders.

What is Marriott's outlook on the travel industry in the Asia Pacific region?

• Optimistic, with strong recovery and expansion plans

• Neutral, with no significant changes expected

• Pessimistic due to ongoing economic challenges

• Uncertain, waiting for more data

Which markets have shown strong performance for Marriott in the Asia Pacific region?

• Indonesia, Philippines, and Taiwan

• Australia, India, and Korea

• China, Singapore, and Malaysia

• Japan, Thailand, and Vietnam

How did Marriott's occupancy rates in Asia Pacific (excluding China) compare to 2019 by the end of 2022?

• 75% of 2019 levels

• 106% recovered to 2019 levels

• 49% behind 2019 levels

• Equal to 2019 levels

What is the significance of China's reopening for Marriott's business?

• It will lead to a reduction in hotel openings

• It is expected to decrease occupancy rates

• It is a major opportunity for growth

• It has no impact on Marriott's business

What is the expected trend for Marriott's business in the second half of 2023?

• A decline in growth

• Stagnation with no significant changes

• Stronger growth compared to the first half

• A complete recovery to pre-pandemic levels