Marriott International Inc at Goldman Sachs Travel and Leisure Conference (Virtual) Transcript

Jun 08, 2021 / 12:25PM GMT
Stephen White Grambling - Goldman Sachs Group, Inc., Research Division - Equity Analyst

All right, everybody. Welcome back to day 2 of our Travel and Leisure Conference. Next up, we have Marriott International, which I would be remiss if I didn't point out, while it has been a tumultuous 2020 and past 12 months, they were one of the only companies in my broader coverage that I think proved out the resilience of the business model by not really burning any free cash flow during this window, whether you include or exclude things like point sales and the working capital, which I think just has been remarkable, and in our conversations, people would not have anticipated.

So it's my pleasure to have Chief Executive Officer, Tony Capuano, with us this morning to talk about what is coming next.

Anthony G. Capuano - Marriott International, Inc. - CEO & Director

Good morning. Thanks for having us.

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Stephen White Grambling - Goldman Sachs Group, Inc., Research Division - Equity Analyst

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