Big travel company CEOs hope market turmoil won’t derail summer rebound
As economic pundits raise fears about a recession, the most powerful names in travel and hospitality are pushing back, pointing to bookings that illustrate a positive picture of the American consumer."We think this summer is going to be gangbusters for travel," Marriott CEO Tony Capuano told last week.Marriott saw an 81% rise in first quarter revenue compared to the same quarter a year ago as more leisure and business travelers got back on the road as Covid restrictions eased.Despite concerns around inflation, Expedia CEO…