Great quotes and links to story about Remington's rebranding, Gencom's experiences in Costa Rica, how Sandals is responding to new all-inclusive competition and much more.
QUOTE OF THE WEEK
“I’m not going to name a particular market because I want to remain friends with everyone, but I think I’d go into the premium luxury space, perhaps with branded residences. I think the Caribbean is ripe for that type of development because there are so many exotic destinations and so many special destinations.” – Wendy Chan, Marriott International, on what she would develop in the Caribbean if she had $100 million Read story
“Remington Hospitality captures the essence of who we are. We
are no longer just the best hotel manager, but an evolving organization focused
on current and emerging verticals in hospitality. Our goal of being the best
never changes, it has just expanded… Deal flow in these emerging sectors is
robust and we are uniquely positioned to take advantage of it.” – Chris Green,
Remington Hospitality Read story
“We are starting to see a little bit of softness [in our
Costa Rica hotel assets]. It’s interesting, in the higher-priced demographic we
still haven’t seen softness, versus the little bit lower ADRs where we are
starting to see some softness for the second half of the year.” – Donald McGregor,
Gencom Watch video interview
“What the new competitors do is bring hospitality experience
and qualified professionals into the segment, and they will develop their own
way of all-inclusive, which has many variations. We don’t necessarily feel threatened
by that at all. We think that we have a good place with in all-inclusive and
will keep working on unique experiences and focusing on the quality of the
product because we are a firm believer that quality and experiences going
forward is what counts.” – Bernard Rainer, Sandals Resorts International Watch video interview
SNEAK PEAK (watch for story on Monday)
“Those [projects] that hadn't started were delayed. But now we are seeing the
pace picking up, thanks partly to better valuations due to a greatly improved
trading environment. Hotels are now back as a viable inflation hedge, with the
ability to adjust room rates dynamically to accommodate higher demand amid
higher operating costs.” – Joon Aun Ooi, Wyndham Hotels & Resorts
president Asia Pacific on the development climate in China