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Is There Still a Market for Luxury Travel?

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  • Description

    IHG president, Americas, Kirk Kinsell weighs in on the upscale hotel sector.

  • Duration 3:04
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Old idea world's largest hotel chain 4000.

Properties in over 100 companies countries excuse me -- for the first time.

An Intercontinental group history it is seeing a turnaround in the sector's most important demographic for -- -- -- she's president of the Americas his her with me.

The luxury traveler is really driving business what are you seeing right now.

-- luxury travel is more about enriching experiences so it doesn't mean an economic status and -- -- across our seven brands today.

We're seeing and great did deal of increase in terms of it.

Wanting to.

Seek those authentic experiences in each of our brands offers that.

We're showing us right now I mean we should say -- she has some of as the InterContinental Hotel -- crown plaza holly and can't know what what you of those brands right -- did you give any Americas which of those brands were announced perform in the past.

Well each of the brands are performing well.

And certainly we're seeing every -- correct and we -- saying integrates a resurgence in terms of that can travel away as a whole demand is up higher than it's ever been we're selling more hotel rooms and we ever have and therefore we're seeing great support across all Barbara.

Tell us talk about China -- because I just opened up a new brand over in China you're the world's largest international operator.

In the Chinese market but we're getting data that -- that there's a slowdown happening there are you concerned at all.

We're not concerned -- China just like every every sector across the world has economic cycle send.

We're -- in China for well over thirty years we're going to be there for that.

Time to come and for China we're building on the basis of our.

Foundation in terms of our strength -- locks as the new brand we created -- hotels and resorts.

And it's -- unique in that it's a brand that was built for Chinese travelers buy our China team.

For China.

What is -- thing that we are saying well.

Here it went focus back on the -- his opinions from on the because.

What we're looking at air fares that are actually jumping forecast up three up 5% the business travel in particular.

Is being hit with those higher airfares and 2012 is that affecting your business at all.

Our company has the greatest friend -- holiday ham and it doesn't just sit on the east and West Coast it's -- all those flyover states I think to pick your favorite -- -- it's a great brand married this year we're going to be celebrating its sixtieth anniversary so we have our own jubilee of sorts and no we're excited about what we're doing -- -- -- twelve for example Holliman is the hotel official for hotel provider.

We're we -- great great opportunity.

Richard solomons was here -- back in February he was talking about just overall international story I went to grow the company's stock is up 29%.

Over the last six months what do you attribute that's it.

Well I think if -- at first a tribute to it's a solid set of results across.

A great brand lineup and certainly continued growth globally.

So we're not necessarily expose anyone sector and them we continue to focus on working with our owners we're working through insights -- -- consumers and continued to improve our brands are great freefall.

For canceled visit new York public all the major -- CEO's The Knesset on the shocker thank -- --

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