‘Nobody Gets Out of This Stronger’ Says Langham Hotels CEO
Bloomberg 1/12/2021 Nikki Ekstein
(Bloomberg) A company known primarily for its big-city hotels with a business-leaning bent, Langham Hospitality Group would seem among the most exposed to Covid-19’s economic wrath.
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But under the leadership of Chief Executive Officer Stefan Leser, the company is seeing a grab bag of highs and lows that include the most ambitious expansion pipeline in the brand’s history, new properties whose reservations managers are busy with requests from people who may not be able to actually visit, and a strong business in China where hotels saw larger revenues in the back half of 2020 than they did in January, before the pandemic sent travelers away. (Wuhan locked down on Jan. 23, with further mainland China restrictions following a few days later, only marginally affecting that month’s revenues.)