Marriott International President and CEO Anthony Capuano says the U.S. has reached a normalized environment, while China is "fully recovered to pre-pandemic levels" domestically, as he discusses the state of the post-Covid rebound in travel.

Bethesda

Marriott CEO describes post-COVID travel boom

8,800 properties, 139 countries, you've got a decent line of sight into the global consumer. The story we've heard a lot about is U.S. strong, rest of the world not so good. Do you see it the other way around in your business? Yeah, I don't know that I would say the U.S. is weak. I think the U.S. has reached a normalized environment a little more quickly. If you look at the experience we had in our business last year, we saw global REVPAR revenue per available room, which is the metric that we use to evaluate the strength of the business. Increased about 15%. Single-digit growth here at home in the U.S., strong double-digit growth internationally. Now, some of that is because those markets opened a little more slowly, so they benefited from easier year-over-year comparisons. But even as we look into 2024, we guided on our earnings call 3% to 5% global REVPAR growth this year. Again, disproportionately stronger internationally. Let's sit in international just for a moment. So, U.K., economies contracting, Germany arguably in recession, Japan in one, China struggling. You don't see it in quite the same way, and I find that really, really interesting. Are you seeing a bounce back there? What do you actually see? In which region are you more constructive on? So, Asia broadly is really strong from a travel perspective right now. We think about Asia in two buckets, if you will. What we call APEC, Asia-Pacific Excluding China, and then greater China. Greater China is fully recovered to pre-pandemic levels, although interestingly, largely on the shoulders of domestic demand. If you look at cross-border airlift, it's only about 60% or 70% recovered to pre-pandemic levels. So, we actually think there's still a fair amount of upside to the China recovery story as more and more cross-border travel recovers. I'll be in China in two weeks, and I'm anxious to see how it feels in terms of international travel. I was there maybe nine months ago, and it felt very domestic. I was in markets like Changsha and Chengdu, and felt like I was one of the few international travelers. So, it'll be quite interesting. When you look at the APEC markets, they are booming. Thailand is very strong. Singapore is very strong. I was just in Vietnam, really strong, both from a development perspective and an inbound travel perspective. And the last comment I would make, you've seen China create some visa-free travel zones across the APEC region, and that's really impacting demand patterns.

The debris from a missile that landed in the Ukrainian city of Kharkiv on Jan. 2 was from a North Korean Hwasong-11 series ballistic missile, United Nations sanctions monitors told a Security Council committee in a report seen by Reuters on Monday (April 29).

Kharkiv

Ukraine Invasion

U.N. experts say North Korea missile landed in Kharkiv

Columbia University's president said that talks with pro-Palestinian activists over a protest encampment on the Ivy League campus in New York City had reached an impasse and urged demonstrators to voluntarily disperse or face suspension.

New York

Protesters defy deadline to leave Columbia encampment

Spain's Prime Minister said he has decided to stay in office after days of publicly weighing his future, generating relief amongst leftist allies, exasperation among the public and ridicule from his opponents. Sanchez said last week that he was retreating from public duty to decide whether to quit.

Madrid

Pedro Sanchez stays on as Spain's prime minister

U.S. Secretary of State Antony Blinken says he is hopeful Hamas will accept an “extraordinarily generous” offer, as U.K. Foreign Minister David Cameron says it will include a 40-day ceasefire. But the sticking points remain: Israelis want a truce while Hamas demands a cessation of all hostilities.

Riyadh

Israel-Gaza War

U.S., U.K. urge Hamas to accept Israeli truce proposal

G7 environment ministers have gathered in Turin for two days of talks, as hundreds of protesters demonstrated in the city, some burning photos of the G7 leaders who they accuse of failing future generations over the climate crisis.

Turin

Climate Crisis

Protesters call for climate action ahead of G7 meeting in Turin

French Foreign Minister Stephane Sejourne is in the Lebanese capital Beirut for talks aimed at easing tensions between Hezbollah and Israel. After meeting Lebanon’s influential Speaker of Parliament Nabih Berri, an ally of Hezbollah, and the head of the Lebanese army, Joseph Aoun, Sejourne said there had been “a lot of progress” over the French proposals.

Beirut

French FM says ‘a lot of progress’ in Lebanon talks

At least four people are dead, including an infant, after a series of tornadoes swept across Oklahoma. The weather system is threatening the region with more twisters, heavy rain and large hail in a band stretching from Missouri to Texas.

Sulphur

At least four dead in Oklahoma tornadoes

Italian Prime Minister Giorgia Meloni said she would stand in upcoming European Parliament elections, a move apparently calculated to boost her far-right party, although she would be forced to resign immediately under EU rules.

Pescara

Italian far-right PM Meloni says will stand in EU elections

At least four people died, including a four-month-old baby, in Oklahoma this weekend, after dozens of twisters swept the U.S. Southern Plains. The White House said, President Joe Biden has pledged federal support for Oklahoma as well as other states hit by severe storms.

Oklahoma

Deadly tornadoes rip through Oklahoma

The Sydney Bishop targeted in an alleged terror-related attack a fortnight ago has made a surprise appearance before his congregation in Western Sydney. Bishop Mar Mari Emmanuel saying he forgives his attacker, who is facing terrorism charges.

Wakeley

Sydney bishop returns to pulpit after stabbing

Prime Minister Anthony Albanese has been slammed by protest leaders for his involvement in a protest against gendered violence in Canberra at the weekend. Organisers hitting out at the Labor leader on social media, calling him a 'liar'.

Canberra

Protest leaders hit out at Prime Minister over power 'abuse'

U.S. President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu and "reiterated his clear position" on a possible invasion of the Gaza border city of Rafah, the White House said.

Tel Aviv-Yafo

Biden tells Netanyahu U.S. doesn't support Rafah assault

Ukraine's top general says his troops have been forced to retreat as fighting on the country's eastern front intensified. Kyiv's forces have fallen back to new positions in at least three places along the front, west of the Donetsk region.

Donetsk

Ukraine troops retreating on eastern front

Tesla CEO Elon Musk arrived in Beijing on an unannounced visit, to meet senior officials to discuss the rollout of Full Self-Driving software and permission to transfer data overseas, according to a person with knowledge of the matter.

Shanghai

Elon Musk makes surprise visit to China

Hamas's armed wing released video of two men held hostage in Gaza who are seen alive and urging Israeli authorities to strike a deal for the release of all the remaining captives.

Rafah

Hamas releases video of two Israeli hostages

Defence Minister Richard Marles has revealed a fresh aid package to support Ukraine in its war with Russia, including $30 million in funding for drones. It marks more than one billion dollars in funding from Australia since the war began.

Lviv

Australia announces $100m in Ukraine aid

Tens of thousands of people have marched across the country calling for an end to violence against women. The Prime Minister addressed the crowd in Canberra where he called the issue a 'national crisis'.

Prime Minister joins rally calling for end to gendered violence

Israeli protesters have shut down streets in Tel Aviv demanding the release of hostages and the political end of Israeli Prime Minister Benjamin Netanyahu. Anger has been growing inside Israel as the Gaza war drags on for more than 200 days.

Thousands block Tel Aviv streets in protest

After weeks of delays, negotiations, and distractions, Israel appears to be gearing up for its ground invasion in southern Gaza. Dozens of Israeli tanks and armoured vehicles have been seen near Rafah, Gaza’s last 'safe zone'.

Israel 'gearing up' for Rafah ground offensive

Ohio police released video of a Black man who died at a local hospital after repeatedly telling officers "I can't breathe" as they pinned him to the floor of a bar and handcuffed him, evoking memories of the killing of George Floyd in 2020.

Canton

'I can't breathe' man tells Ohio cops before death

Witnesses in Gaza reported fresh Israeli strikes overnight around Rafah. It comes as Hamas says it is considering an Israeli ceasefire proposal, after a delegation from Egypt arrived in Israel to resume stalled negotiations.

Sderot

Gaza hit by fresh strikes amid ceasefire talks

The US military has started building a large floating pier off Gaza's coast to facilitate the delivery of humanitarian aid, the defence department has said. Ships will deliver aid from Cyprus to the pier where it will be loaded onto trucks to transfer across Gaza.

Jerusalem

US begins building floating base to boost aid

King Charles will return to his public duties next week for the first time since his February cancer diagnosis, visiting a cancer treatment centre. There fears his Australian trip will be delayed, while he continues treatment for his own cancer battle.

Windsor

King Charles resuming public duties but Australian trip in limbo

Demonstrations have taken place across the country after a spate of domestic violence deaths, including Molly Ticehurst. Protestors held signs saying ‘no more’ calling for immediate action against male-inflicted violence.

Council of the City of Sydney

Thousands rally across Australia against domestic violence

The Russian and Turkish flags were lowered to mark the closure of a center set up to monitor a ceasefire in Nagorno-Karabakh, as Russian peacekeepers ended a multi-year deployment in the strategic South Caucasus region.

Baku

Nagorno-Karabakh ceasefire center closes as Russia withdraws

Britain's King Charles will return to public duties next week for the first time since being diagnosed with cancer as he makes good progress following treatment and a period of recuperation, Buckingham Palace said.

London

King Charles to resume public duties after cancer diagnosis

Students blocked access to Paris' prestigious Sciences Po university over the war in Gaza on Friday (April 26), demanding the institution condemn Israel's actions, in a protest that echoed similar demonstrations on U.S. campuses.

Paris

Pro-Palestinian protesters still occupying Sciences Po campus

The number of people killed in floods in Kenya due to heavier than usual rainfall since the start of the monsoon in March has risen to 70, a government spokesperson said Friday. Kenya and other countries in East Africa, a region highly vulnerable to climate change, have been pounded by heavier than usual rainfall in recent weeks, compounded by the El Nino weather pattern.

Nairobi

Kenya flood death toll since March climbs to 70

An Australian journalist has been named as a key figure in Donald Trump's criminal trial. Dylan Howard, the former editor of the National Enquirer in the U.S. accused of buying and burying negative stories as part of a deal to help him become President.

U.S. Presidential Election

The Australian journalist caught up in Trump trial

A surging domestic economy and rising inflation will see the Reserve Bank change its mind and increase interest rates as many as three times this year, analysts have warned.