The International Luxury
Hotel Association
held their 7th annual
INSPIRE’18 Summit at
the Four Seasons Las
Vegas 13&14 December,
with Ted Teng, President
& CEO of The Leading
Hotels of the World
opening the day with a
talk entitled “Look Back
to Look Forward”.
He reflected on how the luxury industry has changed over
his career, highlighting two key areas of change: who the
owners are of the hotel and the impact this has had on the
industry, and how guests make a reservation.
Owners are now separated from the operation as hotels
have become financial assets, rather than hospitality assets,
and are more concerned about the value of the building.
Long term investment is now around 5 years.
ILHA 7