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Deepak Ohri, Lebua Hotels & Resorts CEO, on the hotel brand’s latest foray into expansion, including properties in China.
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New Zealand's.
Luxury hotel chain now planning to open several new locations next -- including in China.
-- glory is the -- as CEO joins us now.
I'm so glad you're here because I'm intrigued especially with what's going on in China white China.
China is emerging market and China has -- -- of tourism spending.
Right -- one country in the look for the hold on tourism spending as Germany because I don't 22 billion dollars.
Followed by US which is seventy billion dollars and Reitman tennis 62 but by the end of 2000 trip -- -- plus US and we go up to 72 billion.
But you have luxury hotels of their luxury.
Visitors in China.
-- non luxury is is is it would be just caught seven definitions.
Okay about people have been you talk awarded a three people -- listing it is expensive yes no it pretty inexpensive it is a price stack -- and experience it is it a tree.
And the book it talks about extremes.
OK so -- -- all of us something which you can on this.
Afford it you can enjoy it and you can experience it.
And so you hotels are experiences then yes it is an experience it is an experienced -- even people us who's -- competent and I'm not trying to be.
Predator spot -- but up contribution is movie pong Gucci book big oven at parents like that because you're looking at -- generation next.
View of the plus Farouk company B start looking of the Generation X.
before the -- -- realize that yes.
We were saying earlier break that that people staying in this hotel -- are the Chinese because they like to entertain and do things like that you're also opening in New York are you worried about the eurozone I mean it it's teetering.
It has begun -- hinted that I'm not I'm -- your -- Okay so this you know crisis.
If any -- -- president US happens if actually affects the whole look.
Much you know -- you can never stop doing business and one can all of us hope.
And one all of us believe that -- they'll come out of this.
And and things -- -- those properties -- Larry ever gonna come to the United States is right now no properties here.
Yeah tune saturated it has been instituted -- -- -- looking at US bitty.
Would be made stock in years not the again for the expects yes again for the experience that is different experience in the new and understand the market and then come of the US.
Of course to -- to piston -- and also also looked.
Investor business you -- India quickly what what is it like in India are people spending money is at the rich still extremely rich -- is there middle class coming up the ranks the you know you said it right there's and you plus that has come and it is going to change the court to resume landscape is augmented -- -- of the house.
And it is coming -- of India China and Indonesia neither the three countries he emerging economies.
We're just seeing guard up and is he mean an -- -- and -- spending huge amount of money.
And in India and vehicles -- rich people who -- gonna spend money as in cash but this -- official Klaus.
Is funding the money and is spinning through paper cup -- his -- is a new -- have.
We're charging it with a hot topic around the world to charge it to you about our area of the -- thank you so thank efficient and thank you thank you.
