Bloomberg Surveillance Single Best Idea with Tom Keene: Tom Porcelli & Tony Capuano
Jun 3, 2025
Delve into the intricacies of the American labor market and the quest for full employment. Discover how U.S. exceptionalism shapes productivity and the hospitality industry. Learn about rising travel demand across income levels and Marriott's strategy targeting the mid-scale market. Uncover the influence of economic factors on consumer behavior and business adaptation, illuminating trends that drive industries forward.
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US Exceptionalism and Productivity Growth
- Tom Porcelli suggests the idea of "US exceptionalism" has real long-term validity despite the term's overuse.
- He believes the US has the pieces in place for strong productivity growth, helped by policy like corporate tax cuts.
Consumer Bifurcation in Travel
- Tony Capuano highlights a bifurcation in consumer travel between luxury and lower-income segments.
- Marriott is growing in both luxury and mid-scale tiers to meet diverse consumer appetites for travel.