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Fortune

Ashley Lutz

Marriott's CEO identifies a 'fundamentally permanent shift' for Americans: Even low-income families are stubbornly hanging on to vacations

Marriott Anthony Capuano

(Credit: Ting Shen/Bloomberg via Getty Images)

Marriott CEO Anthony Capuano says Americans are continuing to prioritize spending on experiences, even amid economic uncertainty.

“We continue to see extraordinary demand for travel and experiences,” Capuano told Yahoo! Finance. “It feels like a fundamentally permanent shift that consumers are prioritizing spending on travel and experiences versus purchase of hard goods.”

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