Marriott Exec says Higher-End Consumers Remain Resilient And Continue To Prioritize Spending On Experience And Travel Over Goods

Feb 10 (Reuters) - Marriott International Inc MAR.O:

• MARRIOTT EXEC: HIGHER-END CONSUMERS REMAIN RESILIENT AND CONTINUE TO PRIORITIZE SPENDING ON EXPERIENCE AND TRAVEL OVER GOODS-CONF. CALL

• MARRIOTT EXEC: ROBUST LEISURE TRENDS, AND CONTINUED INBOUND TRAVEL RECOVERY, HELPED REVPAR RETURN TO GROWTH IN Q4

• MARRIOTT EXEC: OPERATING ENVIRONMENT IN GREATER CHINA REMAINS CHALLENGED BY WEAK MACRO CONDITIONS AND SOFT CONSUMER SENTIMENT

• MARRIOTT EXEC: GOVERNMENT REVPAR WAS DOWN OVER 30% DURING THE 43-DAY US GOVERNMENT SHUTDOWN

• MARRIOTT EXEC: GROWTH IN CREDIT CARD FEES REFLECTED HIGHER SPENDING ON OUR CO-BRAND CREDIT CARDS WITH PARTICULARLY STRONG INCREASES IN INTERNATIONAL MARKETS, INCLUDING JAPAN, UAE

• MARRIOTT EXEC: GROWTH IN CREDIT CARD FEES REFLECTED HIGHER SPENDING ON OUR CO-BRAND CREDIT CARDS WITH PARTICULARLY STRONG INCREASES IN INTERNATIONAL MARKETS

• MARRIOTT EXEC: EXPECT GLOBAL REVPAR GROWTH TO 2025 BETWEEN 1.5 AND 2.5% ASSUMING A RELATIVELY STEADY MACROECONOMIC ENVIRONMENT

• MARRIOTT EXEC: EXPECT REVPAR GROWTH IN THE US AND CANADA TO BE A BIT STRONGER THAN IN 2025

• MARRIOTT EXEC: ANTICIPATE REVPAR IN GREATER CHINA TO AGAIN BE ROUGHLY FLAT YEAR OVER YEAR

• MARRIOTT EXEC: WORLD CUP IS EXPECTED TO CONTRIBUTE AROUND 30 TO 35 BASIS POINTS

• MARRIOTT EXEC: INTERNATIONALLY, THERE IS AN ALMOST INSATIABLE DEMAND FOR LUXURY

• MARRIOTT EXEC: OUR LOWER END CONSUMER AND GUESTS HAVE HAD A TOUGHER TIME AND WE EXPECT THAT TO STAY THE SAME

• MARRIOTT EXEC: WE FEEL REALLY GOOD ABOUT THE OVERALL RECOVERY OF TRAVEL VOLUMES

Source text: [ID:]