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Anthony and Elain Lassman on Luxury Travel (Audio) · Bloomberg Intelligence

• 0:00
  Speaker 1: Matt Miller in here for Kathleen Hayes is a joining
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  Speaker 1: pim Fox for this hour. We are going to talk
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  Speaker 1: as we approach the weekend about travel, and not just
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  Speaker 1: any travel, but luxury travel. I want to bring the
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  Speaker 1: co founders of Note to Ben, a which is of
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  Speaker 1: a spoke luxury travel and lifestyle company seeks out and
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  Speaker 1: manages extraordinary experiences for illustrious international clientele. Anthony and Elaine
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  Speaker 1: last Man join us in studio. Welcome and thank you.
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  Speaker 1: Let's talk about the luxury travel market right now and
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  Speaker 1: the growth or lack thereof um. Elaine, do you find,
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  Speaker 1: because I know that you focus in one sense on
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  Speaker 1: women seeking out luxury travel experiences, do you find that
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  Speaker 1: this is a growing industry? Yes? In a single world,
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  Speaker 1: Yes it is. Women are traveling more and more on
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  Speaker 1: their own and UM not not do so either? Uh?
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  Speaker 1: And is that part of the growth in general that
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  Speaker 1: we're just getting much like a labor force that all
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  Speaker 1: of a sudden gets an inflow of women, um? Workers,
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  Speaker 1: do we see women taking their own trips, not afraid
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  Speaker 1: to go away with without men or other other friends? Um?
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  Speaker 1: Is that part of the big growth of the travel
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  Speaker 1: industry right now, well, if I could come in there,
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  Speaker 1: I would say that Number one, there are far more
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  Speaker 1: women involved in business, far more women who are CEOs
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  Speaker 1: leading luxury brands, a greater number of women holding key
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  Speaker 1: positions in finance. And they want to travel, and they
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  Speaker 1: very often need to travel solo. Either they're unmarried or
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  Speaker 1: they're traveling for a combination of business and pleasure, and
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  Speaker 1: so they need the right people to organize everything for them.
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  Speaker 1: They want to be secure, they want to feel that
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  Speaker 1: they are being guided to the right places where they
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  Speaker 1: can dine solo and be perfectly comfortable within the environment.
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  Speaker 1: These are royal areas of speciality where luxury providers or
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  Speaker 1: providers of of high end managed experience like us come in.
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  Speaker 1: How do you define this kind of luxury travel? Can
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  Speaker 1: you give us some statistics in terms of what kind
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  Speaker 1: of air travel, what kind of hotel stays, what kind
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  Speaker 1: of prices. Absolutely, I would say that quite a number
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  Speaker 1: of the people were speaking of fly privately. Some of
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  Speaker 1: them would fly first class transatlantic and then fly privately
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  Speaker 1: on the short haul legs such as Europe or within Africa.
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  Speaker 1: When they're doing safari. Generally speaking, they will take a
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  Speaker 1: junior suite and up. So if you were to take Paris,
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  Speaker 1: for example, a standard luxury room in one of the
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  Speaker 1: Palace hotels is euros per night, but many of our
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  Speaker 1: clients automatically want the best suites and they could be
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  Speaker 1: fifteen thousand euros a night up to fifteen erods tonight.
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  Speaker 1: I was just looking and you know, looking at your
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  Speaker 1: website and some of your clients include people like Michael Course,
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  Speaker 1: the fashion designer. In this world of private jet travel,
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  Speaker 1: is this last minute planning or is this something that
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  Speaker 1: you're working on an annual or or a quarterly basis.
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  Speaker 1: I think I think that's a very very appropriate question
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  Speaker 1: because one of the skills in what we do so
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  Speaker 1: having a private client management service such as nota ben
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  Speaker 1: a Global, which is I I often compare it with
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  Speaker 1: asset management controlling people's wealth. So advising people's wealth, you
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  Speaker 1: have to be able to pull strings. You have to
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  Speaker 1: have the connections, the contacts, the accessibility to do things
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  Speaker 1: last minute. I always recall one of our clients based
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  Speaker 1: in Canada who suddenly the weather changed and she got
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  Speaker 1: a bit cold, and she end up on a Friday
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  Speaker 1: and expected to go to Brazil on the Sunday, admittedly
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  Speaker 1: in their plane stopping off in the Caribbean, but it's
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  Speaker 1: it's we want to do it now. So what exactly
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  Speaker 1: do you do? Elaine? I'm reading through your your tips
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  Speaker 1: and UM, I see that you could have advised that
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  Speaker 1: client to be wearing Laura piano because of the storm
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  Speaker 1: proofd material and she was in a stormy Canadian area.
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  Speaker 1: What what um? What is the service that you and
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  Speaker 1: Anthony provide? Essentially, I head up the lifestyle division of
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  Speaker 1: note Mede, So when it when it's it's required, UM
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  Speaker 1: an advice is sought for, whether it's a fashion advice,
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  Speaker 1: whether it's beauty, whether it's massage, therapies, whatever, fitness, nutrition,
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  Speaker 1: they'll defer to me because when they're traveling, they want
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  Speaker 1: to access the best people to to provide whatever it
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  Speaker 1: is they're looking for or looking to buy UM. And
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  Speaker 1: that's where we're I come in where I step in
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  Speaker 1: because you see it's experience over acquisition, and we're seeing
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  Speaker 1: that travel, I mean wonderful experiential travel is the currency
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  Speaker 1: of status. A lot of our clients are less interested
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  Speaker 1: in buying the latest fancy car or the or the
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  Speaker 1: women having another piece of jewelry. It is about the
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  Speaker 1: travel experience. But the one thing that they do really
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  Speaker 1: want and where Alane's team come in it may be
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  Speaker 1: to do with well being, grooming, anti aging, um, they
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  Speaker 1: want to have a fitness instructor, they want to have
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  Speaker 1: a yoga instructor. There are many many areas of that
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  Speaker 1: where the lifestyle so note Benny now is focusing very
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  Speaker 1: much on experiential travel, conventional luxury travel, well being and
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  Speaker 1: the the lifesty SAT and also the latest thing real estate.
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  Speaker 1: We've gotta run. I want to thank you very much.
• 6:00
  Speaker 1: Check Anthony and Elyne Lassman, co founders of nota Bene.
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  Speaker 1: This is Bloomberg