Quotes of the Week: Tourism Economics, Trinity, Mohari

QUOTE OF THE WEEK
“The forecast was prepared pre-election and assumed economic conditions consistent with political status quo. There is the potential that the Trump administration will pursue looser fiscal policy and provide a temporary boost to the economy, before offsetting effects such as tariffs and immigration act to moderately slow growth.” – Aran Ryan, Tourism Economics   Read story

“Our dream hotel ownership is precisely the nature of this La Résidence deal – hotels that have history and brand recognition, where we can respect the past and embrace the future, nurturing our service culture, guest experiences and growing the business.” -- Sokoun Chanpreda, HMD Asia   Read story

“This hotel has quickly become a cultural icon in one of London’s most dynamic neighborhoods. We see huge potential to build upon this strong foundation by collaborating with Standard International, following its incorporation into the Hyatt family of brands, and solidify the hotel’s position as a leading luxury lifestyle destination in Europe. The hotel is the perfect addition to Trinity’s quickly expanding portfolio in Europe.” – Ryan Donn, Trinity Investments   Read story

“We have a flexible mandate which allows us to pursue investment strategies up and down the capital structure. For us there always has to be a bit of an angle. We ask ourselves, ‘why are we buying this? What makes us the best buyer?’” – James de Lusignan, ActivumSG   Read story

“Our vision at Mohari is to establish a portfolio of unparalleled luxury hospitality destinations defined by iconic locations, heritage value, and exceptional guest experiences. The legendary Bauer Hotel fits perfectly within our vision. The Bauer is truly irreplaceable, prominently situated in the beautiful city of Venice. We are proud to have the opportunity to preserve and elevate this extraordinary jewel of a property, honoring its legacy while transforming it to become one of Europe’s most distinguished hotels.” – Mark Scheinberg, Mohari Hospitality   Read story

“This acquisition is one of the strategic thrusts to scale up our capabilities and build bench strength across our focus markets, accelerating CLI’s growth as a global real asset manager to create greater value for our stakeholders. CLI and SCCP have complementary portfolios and geographic presence across the Asia Pacific region. The addition of SCCP’s capabilities will further solidify CLI’s foothold in the region.” – Lee Chee Koon, CapitaLand Investment Ltd.   Read story

“This landmark signing with Olive by Embassy underscores Hilton’s bold ambition in and long-term commitment to South Asia. Spark by Hilton will address a gap in the Indian market… Not only will this partnership set the stage for record-breaking growth, but it also positions Hilton to achieve a commanding presence in one of the world’s largest lodging markets.” – Alan Watts, Hilton   Read story

“There are mixed results, with topline growth slowing and bottom-line performance eroding. There are so many economic and global political factors influencing travel habits that a varied performance shouldn’t be a surprise.” – Roger Allen, RLA Global   Read story

“We come in, convert the building to fully furnished and run it through the Wyndham channels. It really changes the operating demand dynamics of that property and dramatically increase the NOI – up nearly 100% from unfurnished.” – Lee Curtis, Reside   Read story

“IHCL remains steadfast in its commitment to realize India’s tourism potential with its vision of ‘Accelerate 2030,’ of being the most valued, responsible and profitable hospitality eco-system in South Asia.” -- Puneet Chhatwal   Read story

“Northstar is taking the support of Shatterproof from the hospitality industry to the next level, by creating opportunities for those impacted by addiction in the hospitality industry to access to resources, but also to engage the entire hospitality and travel industry to come behind a public health crisis that is impacting so many in the United States.” – Gary Mendell, Shatterproof   Read story