Sanctions Make Luxury Hotel Rethink Business

The transcript discusses the impact of geopolitical tensions on Corinthia Hotels, particularly in Russia, leading to a shift in focus to the domestic market. The company has a global presence with properties in various countries and plans for expansion in cities like New York and Paris. The performance in European markets like Prague and Budapest is positive, while locations like Saint Petersburg and Tripoli face challenges. Future strategies include expanding to Asia and adopting flexible business models to adapt to changing market conditions.

How has Corinthia Hotels adapted to the decline in Western visitors due to geopolitical tensions?

• By focusing on the domestic market in Russia

• By closing their hotel in Saint Petersburg

• By partnering with Western travel agencies

• By reducing their room rates significantly

Which of the following cities is NOT mentioned as a current location for Corinthia Hotels?

• Tripoli

• Tokyo

• Budapest

• Malta

What is Corinthia Hotels' strategy for future expansion?

• Focusing solely on owning properties

• Reducing the number of properties in Europe

• Partnering with local hotels in Africa

• Expanding into the Asian market

Which European city is mentioned as having a well-performing Corinthia Hotel property?

• Paris

• Prague

• Berlin

• Madrid

What is the growth rate mentioned for most of Corinthia Hotels' properties?

• 10 to 12%

• 15 to 20%

• 7 to 9%

• 3 to 5%