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Carlson Rezidor Hotel Group President Thorsten Kirschke weighs in on the state of the hotel industry.
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-- -- -- Well the hotel industry is seeing resilience -- growth according to my next guest expects that growth continue throughout the rest.
Of the coming year.
Joining me now for this week's on the road is Thorsten -- Scott is the president of Radisson America's great yeah thank you thing we all know the name Radisson but -- Radisson.
Medicines doing fine we are in the midst of our transformation.
Strategy -- -- -- 2015.
You in the Americas and globally we're launching -- -- -- true upper upscale.
Segment play so we're making great progress on on strategy.
Your parent company is Carlson and Carlson overall had a very strong 2011 in fact the industry overall -- -- a big boost it seems -- it's in the business traveler.
Though not the vacation -- the average retail consumer -- that's been boosting the numbers is that the case.
That's correct we've seen now since a couple of months to almost two quarter is that business travelers back.
The corporation see the value in doing business again face to face meeting with their counterparts.
And that's obviously a good stimulation of our business.
Connection with that we also know that construction of new supply has been stagnating for reasons of financing -- projects.
So all in all business travelers back occupancy levels fell back and more importantly he's an average rate crisis come back.
So you're saying prices -- go up across.
The industry but also for for Radisson -- volatile I think you'd actually just recently commissioned the survey I'm curious what you thought about it because I think about a surprise you what you found any -- for the survey.
40% of Americans are saying that they're not even taking all their vacation days that would be bad news for rats and Clinton.
Well I'm I'm not so sure -- of course have an obligation as a -- -- travel and hospitality company to know when to anticipate that changing.
And delusional.
The vacationers and the travelers in this country and abroad.
So debt has made us commission that's sort of the end of last year.
And the outcome was amazing indeed have to say half of the population not taking medication.
And looking at many other ways all thanks to overcoming gold.
Substituting for that and.
Bullish -- prices building up a little bit -- that's why aren't there any guide -- that the business traveler there ain't got.
Brett -- Kursk president Radisson great to have you mentioned -- thank you removing.
