Not every quote, however juicy and journalist-friendly, reaches our pages. Here are some from last month’s International Hotel Investment Forum that did not.
We sincerely hope—that is, Hotel News Now Editorial Director Jeff Higley (@JeffHigley1) and myself (@terencebakerhnn)—that we brought you the most extensive coverage as possible of the recent International Hotel Investment Forum, the most-attended hotel conference on European soil.
Higley decided to outline one owners panel he covered only in quotes, which more than adequately gets to the key issues concerning them.
At the risk of losing all those wonderful soundbites and sage knowledge that did not make their way into my coverage, I add a few here with some context.
“My gut reaction is that if you have the time to do a study, the opportunity might have gone.”
—Adrian Zecha, founder of Aman Resorts, which is now Regent Hotels & Resorts and, currently, Azerai, speaking following his acceptance of IHIF’s 2018 Lifetime Achievement Award.
“Maybe we will see some growth from artificial intelligence, but not any time really soon, especially when workers are so cheap and there is no immigration, which most of the major economies seem to be turning away from.”
—Megan Greene, managing director and chief economist, Manulife Asser Management, speaking during a keynote on the general economic situation globally.
“There seems an obsession that a recession is to come, and maybe we should stop a little and enjoy the good times. Yes, save some money, but concentrate on what we can do now to further the industry.”
—Federico González Tejera, president and CEO, The Rezidor Hotel Group, following the announcement that Carlson Hotels and its master franchisor in Europe, Carlson Rezidor, would now operate its hotels under the umbrella of Radisson Hotel Group.
“Of course there’ll be room for the huge brands, the Marriotts and others. They are smart people, and I think you will see them move into areas of alternative types of hotels. What I think is sure is that it will all be a lot more fragmented.”
—Tom Magnuson, CEO, Magnuson Worldwide
“The hotel industry is a wonderful industry to be part of. This is what I told my daughter, who did enter the hospitality industry. She joined Marriott. No one is perfect.”
—Pierre-Frédéric Roulot, CEO, Louvre Hotels Group, who was on the same panel as Magnuson and speaking also about the importance of brands, the likelihood that mergers and acquisitions would continue to take place and the constant need to help people realize the hotel industry offers a full and diverse career path.
“When in doubt, raise the rate. It seems to work.”
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