Quotes of the week: Glencove Capital, Travel + Leisure Co., GOCO Hospitality

QUOTE OF THE WEEK
“The vacation ownership space has been characterized since the great financial crisis as being a mono-brand business. But our expertise is agnostic to an individual brand. And the benefit to us — and we hope others take note of it — is that we can take great brands and help them turn them into a leisure-hospitality offering they aren’t in. The barriers to entry are very high.” – Michael Brown, Travel + Leisure Co., in response to his company’s $48.4 million acquisition of Accor Vacation Club  Read story

“The responsibility we have is to educate, promote, and facilitate, particularly on the real estate development front. I’m figuring out new ways to do that.” – Glyn Aeppel, Glencove Capital  Read story

“Marriott’s ability to monetize their database, their customers, the lifetime value of that customer has been incredibly impressive. The business model that public investors continue to seek out is what they continue to deliver, which is effectively the Amazon of travel in some respects.” – Michael Bluhm, Morgan Stanley  Read story

“It’s among the most complex riddles we have to solve. It’s a riddle we knew we were exacerbating for all the right reasons. We were facing an existential threat, we put all our petty arguments aside, came to the same side of the table with our owners and franchisees, and did everything we could to ensure that we all survived that threat.” – Tony Capuano, Marriott International, on PIP challenges  Read story

“There are so many brilliant women out there who want to own and develop hotels, who work in the industry and have helped many developers achieve incredible wealth. It’s their turn.” – Tracy Prigmore, TLTSolutions, She Has a Deal  Read story

“Probably what’s most frustrating for those of us on this panel is we often get calls from people we haven’t established a relationship with, who say, ‘How much money can you give me for this project?’ And for us, it’s, ‘Well, who are you? Where’s your project? What is the right brand fit?’ Let’s build a relationship here first and understand your needs. Do they fit our overall needs and strategic edge strategy in the market? – Julienne Smith, IHG Hotels & Resorts  Read story

“With Nicholas Clayton having joined our team in 2022 as president (former Capella, Jumeirah and Viceroy CEO) and others are about to join we’ve bigger plans for a larger roll out in the destination wellness resort segment.” – Ingo Schweder, GOCO Hospitality  Read story

“The problem with this particular sector is that every site is completely different. It's all different jurisdictions. It’s all different sizes of sites and geography.” -- Todd Wynne-Parry, Horwath HTL, on the alternative outdoor lodging sector  Read story