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Does the lecture tell market better than -- Which -- plans to double the number of its resorts in the next five years product thanks so much for joining us I wanna get right to it.
Mean looking -- the slate of places where you are expanding.
-- -- Dubai you have a huge operation going up in -- so I actually sought in person the Baha mar.
Which people on the island of Nassau the Bahamas say is designed to really finally give Atlantis are run ports money.
These are obviously -- high end their big gambles on your part.
You're not worried about the economy here in the US -- around the world that people can afford the -- Not -- -- actually.
I think -- seeing.
Bit of a rebound at the moment quite an exceptional rebound actually.
Kind of -- July.
Business today and for and financially we're looking at.
Maybe eighteen to 20% growth in some of these authentic destinations such as.
Mexico and the Caribbean and of course.
-- -- the extension of the -- in and we feel that.
When we open at the end of 2014.
And it would get a great head start because we already have.
Experience in that part of the world and we feel that -- control business to this amazing destination.
How the consumer feeling right now -- -- you talked about that you're seeing a bit of a rebound.
Where is that I mean is that at -- high ended your most expensive hotels and they're all pretty expensive but what is that what as a consumer doing how are they feeling right now.
Yeah as you pointed out -- it diesel at high end.
I I would say that but did leisure travel -- especially is up by ten to 11% we are seeing some.
Corporate business rebound in cities such as.
Neal and indeed Silicon Valley whether this is gone between 45%.
Of the corporate business is also.
On a rebound but.
You know generally -- as a as a company how footprint is is certainly.
On the resort site we don't resort heavy company.
And therefore we've CBC that with that growth -- of double digits in -- it's just shows that.
As destinations and leisure traveler is certainly.
The one that's kind of you know yeah traveling again and looking -- the -- that the experiences.
You have a lot of really unique.
-- resorts you're rosewood Tucker's point I've been to is really special and phenomenal and expensive -- been taught us as well.
You seem to also going to markets.
Were you see competition.
From the four seasons I mean I'm thinking.
Lot's been taught us of course is in is in -- -- you look at New York as well you have the Carlyle.
-- -- the saint Regis and the four seasons.
I noticed for example here in New York.
The Carlyle while it is incredibly expensive at 630 dollars a night.
It still comes in under the very high end competition the four seasons about a thousand bucks a Saint Regis is about a thousand bucks here is that intentional or does somebody who's.
You know getting -- expensive really care whether it's 700000.
Is it a potentially it is really -- is as you know the Carlyle.
Situated up on seven to six street and and it's it's it's its own authentic destination.
In general a typical traveler when -- -- to -- elect to stay meet.
-- town -- Manhattan.
People that come to Carlisle know it tourist destination.
And and and and the fact that it's an iconic hotel so.
Carlyle has his own following so -- already concerned that the -- between six and -- three dollars -- thousand dollars.
And of course as we.
Start -- renovations of the call I'll toward the end of this year we feel that we may be able to kind of as that along but our intent -- to kind of prince there to return -- and -- to the Carlyle will be coming to -- Coming -- let me ask you because you're all around the world real quick before we go because you're in Mexico you're in the Caribbean yet a lot of places in the Middle East as well.
What is the hottest for you right now what is working the very best.
As a destination as a mention Mexico's just tremendous would with a 22% growth.
From a growth standpoint as a development from a development standpoint.
World -- we just open Abu Dhabi yesterday in fact.
-- gearing up just out of Dubai so from a growth standpoint as a company we seeing a footprint -- continue to increase in the Middle East.
Had a huge focus on Asia because -- not mother mother ship is basically.
Based out of Hong Kong and -- just in -- backyard were really intend to -- that company.
By at least.
In that part of the world Europe is huge schools is -- -- it's hard to beat cop out product thanks so much for coming out every -- I think you have to rethink things a lot thanks repayments thank you a case.
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