Davos 2014: Hilton CEO sees "no impact" from AirBnB
Thursday, January 23, 2014 - 01:57
Reuters correspondent Axel Threlfall caught up with hotelier Chris Nassetta at the Davos Hilton Garden Inn to talk about the firm's public ownership, its expansion in Asia, and the rise of AirBnB.
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How is running a public company differ from running -- rotten -- let's tonight I think if you run it. Properly there is no difference diary large public enemy through -- you know for a long long period of time a lot of my career. Six last X years where private it was great being private in the sense that. We had a massive transformation you know Hilton's -- accomplished it was you know -- very under maintenance. So you know sort of smaller you know that they had not been optimizes them you were also. Try to do all of that restructuring and interest nation as I've become an inning was useful but I'm happy happy to be back in the public. Markets which countries do you a year you targeting what what. Properties humorous side. Listen hey we have a simple either simple strategy that is to win everywhere right we we -- more rooms at a construction anybody with a over a 100000 or of approximately 400 thousands and distraction. But we have we're number one in every region of the world to the ideas. Serving guests for any need they have -- and he geography in the world that they wanna be in within reason and so. We have a great robust pipeline in Asia Pacific and in China is that what excites -- message. I think in terms of the long term growth potential certainly Asia Pacific -- as you know deserved it as as a percentage -- matter it provides the greatest opportunities but you know listen there's a great story in Europe. Do -- -- companies like that what -- that having on your business I'm. Do we need to see more regulation. Yeah I think the answer is we're we're seeing no impact on our business when you think about our ten brands in the in the value proposition for our customers. Both you know from a product when you in a service point of view we are catering it is very specific needs their customers have. Every Indy is is a fine business model but it it doesn't really serve the needs of of the mass of our customer base in terms of what what the product or service that I speaking to the success he I believe the end of the week what's your message to him. Good luck with your business in -- -- there's -- there's room for both of us because I don't think -- back -- it.
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