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Feb 10
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AVOID
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Anthony Capuano
CEO, Marriott International
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"We are seeing inbound international to the US down... Disney referenced it the other day looking for some headwinds at domestic parks." A strong dollar or geopolitical friction is keeping high-spending foreign tourists out of the US. While global cross-border travel is up, the US is not capturing its share. This specifically hurts assets that rely on foreign tourists to fill capacity at premium prices (like Disney World or NYC/Vegas hospitality REITs). Avoid US-centric tourism plays that rely heavily on international inbound traffic until this trend reverses. The US Dollar weakens significantly, sparking a sudden return of foreign tourism. |
CNBC
Marriott CEO Anthony Capuano: The K-shaped ec...
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