Marriott Says U.S. Travelers Are Driving to Avoid Rising Air Fares -- Market Talk
Dow Jones05-06
09:54 ET--Marriott International says travel within the U.S. is rebounding. Revenue per available room in the U.S. and Canada rose 4% in the first quarter, which was better than the hotel chain expected, Chief Executive Anthony Capuano tells analysts. Capuano thinks some travelers are choosing domestic trips where they can drive to their destinations due to economic uncertainty, as jet fuel prices have jumped in recent weeks. "You are seeing some pivot to drive-to destinations versus fly-to destinations, given the impact of rising fuel prices on airline fares," he says. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
May 06, 2026 09:55 ET (13:55 GMT)
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