Elie Maalouf:
The fundamental forces driving global hospitality are phenomenal. The middle class is expected to double over the next 10 years. And then you have a whole generation of people that are retiring that are healthier and wealthier. The urge to explore is irrepressible. It’s a huge opportunity.
[TITLE CARD: Global Hospitality Growth _ IHG Hotels & Resorts]
Elie Maalouf:
IHG Hotels and Resorts has been around over 80 years.
[TITLE CARD: Elie Maalouf, Chief Executive Officer, IHG Hotels & Resorts]
Elie Maalouf:
Nearly a million people stay with us every night. Our vision is to be the leader in bringing true hospitality for good around the world. To deliver on our guests’ hopes and aspirations. Do we have the properties to make you at your best when you're traveling? Working with Wells Fargo is fundamental to our business model. They're among the most active in mergers and acquisitions in the hospitality industry. And we get a lot of insight from their knowledge of the commercial real estate industry. We stay in very close contact with their leadership to see what we can do to make our owners and our business more successful.
Fernando Rivas:
IHG and Wells Fargo have been...
[TITLE CARD: Fernando Rivas, Chief Executive Officer, Wells Fargo Corporate & Investment Banking]
Fernando Rivas:
...growing together for almost 20 years. Wells Fargo is one of the largest, most profitable banks in the world. That gives us an enormous capacity to be there for our clients. Our team helps IHG price and structure acquisitions. And we help them access capital efficiently across the world.
[TITLE CARD:
100+ countries; InterContinental Paris Le Grand; Paris, France
6,600+ properties; Regent Santa Monica Beach; Santa Monica, US]
Elie Maalouf:
We're truly the most global international hotel company. Guests are loyal to us and power us forward.
[TITLE CARD:
2,200+ hotels in development pipeline; voco Orchard Singapore; Singapore
20 brands; Holiday Inn Shenzhen Nanshan; Shenzhen, China
145+ million loyalty members; Avid and Candlewood Suites; North Platte, US]
Fernando Rivas:
IHG and Wells Fargo both value showing your clients you care, having a relationship. At Wells Fargo we talk about it as humanity.
Elie Maalouf:
Real important moments in people's lives happen in a hotel. Business meetings, a job interview, family vacations, weddings. We have a responsibility to grow and fulfill that potential. We're fundamental to our communities, we're fundamental to society, we're fundamental to economic growth around the world. We've built an ecosystem and a business that's fit for the fight to take the greatest advantage of the growth in the industry.
Close with music
Sponsored by Wells Fargo Corporate & Investment Banking
The Next Horizon
IHG Hotels & Resorts
bloomberg.com/thenexthorizon
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