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DoubleTree Exec on Growth

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  • Description

    Rob Palleschi, global head of DoubleTree, weighs in on company expansion plans.

  • Duration 3:04
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I mean well DoubleTree by Hilton Hotels has been expanding globally fifteen hotels already this year but with high unemployment -- debt crisis in Europe.

The company whether the summer economic storm.

Plus he is global head DoubleTree and he joins me now the stock market here is really worry about -- especially today how -- view.

About Europe.

Thanks for having me.

We're not all that worried about Europe we're seeing great trends.

And as you mentioned.

We've so far had a very successful year opening hotels.

And we can -- continue to see that trend.

Whether it be opening hotels or in forward looking pace so we're very excited and we're bullish.

OK you're bullish because if you look overall -- some of the statements we've gotten from some of that.

Via hotels CEO those chains evident in Europe but core some of the Spanish -- -- in particular they're concerned about looking.

They see though a lot of traffic lot of search traffic on their web sites some people are looking for deals are you finding that at double -- right now.

As revenue increased through the website is -- online searching happening with.

DoubleTree.

Yet most definitely I mean online search continues to grow for us fortunately for us is growing in double digits.

And I you know our operators use that as a tool.

To help leverage their hotels and continued need to drive rates and drive occupancy.

But ultimately comes down to the product in you have to have that great service you have to have that great product wherever you are in the world.

Aren't let me ask you about about overall -- an expansion that you've been doing because.

Help -- -- DoubleTree it as well put a lot of money.

Millions of dollars a -- three billion dollars into improving the change made -- happiest I have to cut Israel love the cookies but overall -- visit that return on investments -- -- come back to you.

Within the next year considering.

That the industry overall is still very concerned about the consumer and a recession in Europe.

Yeah the first of all the -- he's not going anywhere it's been with us for over 25 years and debt.

We give away 75000.

Cookies -- day and we'll continue to do that globally.

But is is far is as far as the return on investment.

Our owners.

Of our hotels have invested well over 34 billion dollars in products and services.

Arab hotels over the past few years.

We launched our new re branding.

About fourteen months ago.

Which included changing other graphics and identity at all of our hotels to add -- by Hilton tag line.

And we've seen great growth from that we've seen our rev par growth.

Market share gains we've seen average rate gains so it's is turning out to be very profitable for our owners.

And ultimately again it comes on today guest experience which we DoubleTree by Hilton begins with that warm chocolate chip cookie and -- It's a great country I mean you take you're gonna cut its special -- -- gotta love ya gotta love that -- Rob thank you very much DoubleTree flooding -- development and with -- cells are right.

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