Kwok: Luxury Will Continue to Be in Demand

Kwok: Luxury Will Continue to Be in Demand

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Interactive Video

Business

University

Hard

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The transcript discusses the opening of The Peninsula London, a new luxury hotel, and features an interview with Clement Kwok, CEO of Hong Kong and Shanghai Hotels. Kwok explains the company's long-term strategy of owning and operating hotels in key cities, including London. Despite economic challenges, there is strong demand for luxury in London. Kwok emphasizes the importance of focusing on the hotel's strengths rather than competition. The discussion also covers travel trends post-pandemic and future expansion plans, including a recent opening in Istanbul.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the Peninsula hotel differentiate itself from its competitors?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the fundamentals of luxury travel that have remained unchanged?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Where has the Peninsula group opened a hotel earlier this year?

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