Th3 Core
Why We Are Here => Economics & Investing => Topic started by: rcjordan on November 06, 2018, 12:03:35 AM
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Reuters
https://www.reuters.com/article/us-marriott-intnl-results/marriott-cuts-current-quarter-forecast-on-weak-north-america-demand-idUSKCN1NA2NN
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Curious how much of Marriott's bookings are from outside of the US? This could be economics or international politics. Odds are its a bit of both.
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Or recession -leading indicator
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Yeah, I didn't say it well, but that's what I was getting at with the 'economics' statement.
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The US does not sound or look like a very inviting place to visit right now. Starting with the TSA, moving on to airlines that make Greyhound buses look friendly, weird fellow passengers and you haven't even got here yet.
As for 'Mericans, I think people are getting spooked and starting to hunker down financially.
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Actually, we've generally seen a rebound from the post-election collapse in foreign traffic and bookings.
Since this is out in public, I'll be vague, but let's just say that there was a 23% drop on Google Trends YOY for a certain travel term that matters to the hotel I work for.
I'm sure some destinations were booming, but in general, in our region, there has been a huge retraction in not just bookings, but in interest. There are some regional factors and some international political factors. I wouldn't make any conclusions about the broader economy from one medium-sized hotel and one micro AirBnB