Among the more noteworthy quotes from this week
was Hilton CEO Chris Nassetta talking about the economic environment that could
push the company to pursue M&A for the first time in his tenure.
QUOTE OF THE WEEK
“[The current environment] probably presents more opportunity to do things like [M&A]. But things that are quite modest in my view, and that are what I view as sort of tuck-in acquisitions.” — Chris Nassetta, Hilton Read story
“When I see a bunch of the same type of looking people, whether we’re talking about size, color, gender, or anything, that’s a red flag for me. I take personal responsibility to make sure that our marketing and creative are reflective of our world and our travelers so that those travelers see themselves in our content.” — Crystal Vinisse Thomas, Hyatt Hotels Corp. Read story
“I’m optimistic for 2025 and 2026 [for
further growth]. It is very thoughtful growth, which is much easier to control
and work through to find the one masterpiece that we can add to the collection
rather than trying to find 10.” — Dr. Timo Gruenert, Oetker Collection Read
story
“One of the things that we’ve always
focused on, and it’s probably our number-one focus, is net operating income and
cash flow, which I think has garnered a lot deeper appreciation in this high
interest-rate environment. People greatly appreciate cash flow again, and maybe
speak less in terms of ADR and RevPAR and things like that.” — Franco Famularo, Ohana Real
Estate Investors Read story
“The ability to offer a sole source
solution for hotel owners is something that I’ve never seen anyone do in the
industry. Typically, the industry is divided between advisors and capital
providers, and obviously owners, but no one has put together the entire basket
of services under one umbrella. That’s what TPG Intrinsic Solutions is all
about.” — Mark Gordon, TPG Intrinsic Solutions Read story
“These types of mashups are really
successful as long as both brands elevate each other. We have a team focused on
nothing but partnerships, looking at elevating brands through partnerships.” — Larry
Traxler, Hilton Read story
“I want to capture from our guests as
close to 100 cents on the dollar of their travel wallet as possible. The
easiest way to do that is to make sure we have the right product everywhere our
guests want to travel, for every trip purpose.” — Tony Capuano, Marriott International Read story
“Every dollar must have a return for
us. In a perfect world, we would do everything, but we wanted to prioritize the
touch points that are most important to our most valuable customers. Then, with
finite funds, how do you get that wow moment in a public space so you get a
little bit more bang for your buck?” — Maki Bara, Chartres
Lodging Group Read story