Quantcast
Rooms Hotels

Loews is bullish about hotel business, plans expansion in 2013

Jan 10, 2013 6:29 am

Skift Take

Loews isn’t the biggest hotel chain by far, but Tisch’s views are a bellwether for the industry.

— Jason Clampet

The Changing Business of Extended-Stay Hotels

Free Report: The State of Chinese Outbound Market Travel

David Shankbone  / Flickr.com

Jonathan Tisch of Loews Hotels. David Shankbone / Flickr.com


Loews Corp., the company run by New York’s Tisch family, said it plans to expand its hotel business in 2013 after announcing additions to the chain last year.

“Expansion is very much in our DNA right now,” Jonathan Tisch, co-chairman of Loews and chairman of the hotel unit, said today in an interview with Betty Liu on Bloomberg Television’s “In the Loop” program. “We understand the economy, we understand the challenges, but we feel good that people still want to travel.”

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net. To contact the editor responsible for this story: Steven Crabill at scrabill@bloomberg.net.

Next Up

More on Skift

6 Tourism Trends We’re Tracking at Skift This Week
Carnival CEO Excited by Cuba Prospects and Possible New Caribbean Itineraries
Tug of War Over Club Med Continues As Chinese Firm Outbids Italian Rival
Watch This Free Webinar on Using Twitter to Increase Travel and Tourism