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Kim Schaefer, Great Wolf CEO, on what is behind the slowing job growth in the leisure industry.
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A lot of sectors posting job losses last month and -- not bitten you can has -- sector included.
In fact it's had two straight months of declines need think with his busy summer travel season coming up and be the other way around.
Joining us now is Kim Schaefer great wolf CEO.
Kim banks -- taking the time -- -- that's you've had a busy couple of weeks but let's talk about this whole notion of jobs in the hospitality sector first.
I would think people be staffing up.
Well I know we certainly I mean you know were family focused and so word -- going to have a busy summer we've seen more advanced -- in some and all of our resorts around the country.
I think the important thing is is that families have a lot of choices.
And that they are voting we have those choices that are high quality and -- are going to satisfy everyone in the family.
No one of the things about grey wolf one is it's indoors you don't have weather issues and to you could drive to it.
And I think based on especially today's numbers -- -- today's market we're down to under reported four points on the Dow right now a lot of worried about their spending too much money so.
You might be benefiting from the you'll stay occasion or at least be close -- -- one.
Right that's exactly at the new term -- -- new indication okay I'm.
You know we absolutely -- -- -- -- exactly irritation and and staying close to home as we've always had talked about.
Where trip on a tank full.
All of our consumers at any of our resorts that live about three within three hours so trip on attain full.
Gas is really not a consideration.
And they know that they can go.
Have a great time and still be close to home it's not allowed time away from work but it still high quality vacation with the children.
Kim recently you decided to take the company private Apollo Group management Bob came in seven dollars and 85 cents a share was the final deal.
Why go private wide clear -- off the public -- Well I think that the timing was right for us you know we wanna grow we think that that's really where the company and the brand needs to be we've we've done a great job building this infrastructure and we know how to provide the high qualification.
And and really be the public markets were not going to help us as get there so.
Taking the company -- that was a great exit for the shareholders have been very loyal to us.
But going forward gives Apollo a nice opportunity to be able to invest in the company which they have a great history of doing.
And allow the company to to grow on I'm private terms which really makes more -- -- -- in today's environment.
It because it's really tapping -- -- -- about 4600 employees will you see now layoffs often time there are layoffs when companies go private will it happening great wolf.
We don't police our business is continuing to grow were contained to make improvements -- from the organic growth that we have.
We continue to see more customers com mean.
To our facilities as people get back to work albeit maybe not as fast as some people have predicted.
We are seeing growth in the market.
And that house because those consumers are now coming to grey wolf to spend time on as a family or maybe they haven't been able to over the last couple of years so.
For us we see that we still have a lot of organic growth.
And -- -- that means you know steady jobs or you know even more improvements certainly for the summer will need some help to get to these mom.
This gas prices keep coming down of people don't want to pay those expensive air tickets that might be more people than you think coming great -- can Shaffer thank you very much data that's out have you with us.
The thanks so much raising.
Its eco reporters -- vacation is that what I like it communication.
And you can't be a good what -- -- anything to forcing airlines to reduce.
