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Single best idea very quickly or Tom Purcelli came by with pgium. Tom Percelli outstanding on labor market, that idea of a fully employed America. Here Tom Purcelli into the Jobs report on Friday on American exceptionalism.
I think longer term, I think that there's I think there's a real case to make for you know, I hate the term, you know, US exceptionalism. I just think it's overused and there has to be a better way of saying it. But I think the idea of US exceptionalism over the more medium to long term, for lack of a better phrase, I think is real. And I think about that in the context of the pieces are in place for productivity to kill it again, it'll take
time to get there. And I do think that some of the things that the administration is doing could actually help in that the corporate tax part of that, of the tax cuts, I think that that can actually go a long way to sort of helping build the base of productivity. But again that you got to I think you're going to go through the left taible before you go to the right.
Tom Personi of pgum joining us. It's about every six months, not ninety days, but every six months to a year. We get in the wonderful perspective of Tony Capiano's CEO Marriott and just to give you a perspective here, the persistency of stock market performance over the last ten years, how about fourteen point seven percent? I think it is maybe fourteen point two percent per year on motels and hotels, Tony Capuano on the fancy hotels, Tony Capuano on those simpler.
Certainly in the US, but in many markets around the world. We see this bifurcation of the consumer, and so we're trying to leverage both ends of the chain scales. We have the industry's largest luxury portfolio, including your favorite Gritty, well aware of this, and we continue to double down and accelerate our growth, and that consumer has this ravenous appetite for travel. In fact, in Q one, the luxury
tier saw the strongest occupancy growth. At the other end of the income spectrum, that lower income household still has an appetite for travel, but at a much lower price point. And that's why over the last two years you've seen us push into mid scale.
Tony Capiano of Marriott, a good visit with him, and of course to talk to him and David Gura about Cornell's effort and hotel education was a good moment for us. We go into a busy week on a labor economy with the jobs report on Friday. On your commute, of course, please listen Serious XM Channel one twenty one, Apple CarPlay, Android Otto ninety nine one FM in Washington, up the ninety two nine FM in Boston, and Bloomberg eleven three to zero in New York on YouTube. Subscrye to Bloomberg
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