Latest / Bloomberg Intelligence / Nota Bene's Lassman: Creating Luxury Travel Experiences (Audio)

Transcript

Nota Bene's Lassman: Creating Luxury Travel Experiences (Audio) · Bloomberg Intelligence

• 0:04
  Speaker 1: Broadcasting Live to New York Bloomberg eleventh Rio to Washington,
• 0:08
  Speaker 1: d C. Bloomberg to Boston Bloomberg, Well under It, to
• 0:12
  Speaker 1: San Francisco Bloomberg nine to the Country series Exam General
• 0:17
  Speaker 1: one ninet and around the globe the Bloomberg Radio Plus
• 0:20
  Speaker 1: athen Bloomberg dot com. This is taking Stock. I'm Kathleen Hayes,
• 0:25
  Speaker 1: my co host Pim Fox on vacation this week. Are
• 0:29
  Speaker 1: you at the highest end of the travel market where
• 0:31
  Speaker 1: the normal rules no longer apply? Or do you just
• 0:34
  Speaker 1: think you'd love to be well? Then you want to
• 0:36
  Speaker 1: be listening to the guests coming up on taking Stock. Now,
• 0:39
  Speaker 1: it's not to bend me. They give ultra high net
• 0:41
  Speaker 1: worth clients opportunities for experiences and reservations that other luxury travelers,
• 0:47
  Speaker 1: no matter how frequent, could ever ever buy. Anthony Lassman
• 0:52
  Speaker 1: is the co founder of this firm, and he's going
• 0:54
  Speaker 1: to be joining to talk about his business. But I'm
• 0:56
  Speaker 1: just gonna have to ask him what his clients saying
• 0:58
  Speaker 1: about Brexit and what does it mean to him. Luxury
• 1:01
  Speaker 1: travel costs a lot. Let's get to Charlie Pellett. Now
• 1:04
  Speaker 1: he's in the Bloomberg newsroom with a Bloomberg business flash,
• 1:07
  Speaker 1: and I thank you very much, Kathleen Hayes. The bears
• 1:09
  Speaker 1: continue to travel on this Monday with the Dow, the SMP,
• 1:13
  Speaker 1: NSDAK all growling on Wall Street. Right now, the SMP
• 1:16
  Speaker 1: down thirty nine points, to drop there of one point
• 1:19
  Speaker 1: nine percent, a drop there of of thirty eight points
• 1:23
  Speaker 1: to we've got nastack down a hundred and fourteen points
• 1:27
  Speaker 1: to drop up two point four percent. Down industrials down
• 1:30
  Speaker 1: to eighty five, a decline of one point six percent.
• 1:34
  Speaker 1: The tenure up twenty nine thirty seconds. Looking at the
• 1:36
  Speaker 1: yield of one point four or five percent gold right
• 1:40
  Speaker 1: now of six dollars thirteen twenty eight the ounce for gold,
• 1:43
  Speaker 1: that is a game of five tenths of one percent.
• 1:46
  Speaker 1: Crude oil down a dollar twenty three of arrow forty
• 1:49
  Speaker 1: six forty one right now on West Texas Intermediate crew.
• 1:52
  Speaker 1: That is a drop of two point six percent. The
• 1:55
  Speaker 1: aftershocks of the UK's vote to leave the EU continue
• 1:58
  Speaker 1: to reverberate. The small morning, we sat down with the
• 2:01
  Speaker 1: former channel of the Federal Reserve, Alan Greenspan. He was
• 2:04
  Speaker 1: on Bloomberg surveillance talking about Brexit fallout wouldn't be that
• 2:08
  Speaker 1: concerned about the currency, because it's not all that much
• 2:12
  Speaker 1: you're going to be able to do about it. The
• 2:14
  Speaker 1: effect of the town sterling against the US dollars that
• 2:21
  Speaker 1: is as much our doing as it is there and
• 2:26
  Speaker 1: his comments part of a Bloomberg Breakfast conversation hosted by
• 2:29
  Speaker 1: Bloomberg ninety nine one this morning in Washington, again recapping
• 2:34
  Speaker 1: SMP down one percent, Gold up point five percent, and
• 2:39
  Speaker 1: a two thirty two on Wall Street. Now, let's take
• 2:41
  Speaker 1: a look at other news from around the world. Thank you,
• 2:45
  Speaker 1: Charlie from the Bloomberg Newsroom. I'm Julie Hyman. The Supreme
• 2:48
  Speaker 1: Court is struck down at Texas law regulating abortion clinics.
• 2:51
  Speaker 1: Bloomberg's Michael Barr has more. The Justice has voted five
• 2:55
  Speaker 1: three in favor of striking down the Texas law, their
• 2:57
  Speaker 1: protesters called a thinly veiled attempt to make it harder
• 3:01
  Speaker 1: for women to get an abortion. Just as Stephen Bryer's
• 3:04
  Speaker 1: majority opinion for the Court held at the regulations are
• 3:07
  Speaker 1: medically unnecessary and unconstitutionally limit a woman's right to an abortion.
• 3:13
  Speaker 1: The Texas rules required doctors who performed abortions to have
• 3:17
  Speaker 1: admitting privileges at nearby hospitals and forced clinics to meet
• 3:21
  Speaker 1: hospital like standards for outpatient surgery. Michael Barr Bloomberg Radio.
• 3:26
  Speaker 1: Hillary Clinton, on the campaign trail in Cincinnati, took the
• 3:29
  Speaker 1: stage with Elizabeth Warren. The Massachusetts senator offered a harsh
• 3:32
  Speaker 1: critique of Donald Trump, calling him a quote small, insecure
• 3:36
  Speaker 1: money grubber fighting only for himself. Ten people were stabbed
• 3:39
  Speaker 1: and beaten after a white nationalist gript's rally outside the
• 3:42
  Speaker 1: California state capital turned violent on Sunday. Tony Wenning says
• 3:46
  Speaker 1: he and his fifteen year old son were attacked. Although
• 3:48
  Speaker 1: they were just there as bystanders, crappl over me. They
• 3:52
  Speaker 1: were hitting me with a stick, attempting to with the stick,
• 3:57
  Speaker 1: poking me back. So you're you're the police are investigating.
• 4:03
  Speaker 1: Authorities are warning New Yorkers against bogus Buddhist monks. They're
• 4:07
  Speaker 1: asking the public not to be fooled by some of
• 4:09
  Speaker 1: the men decked out in orange robes, carrying shiny medallions
• 4:12
  Speaker 1: and offering greetings of peace. The Buddhist Council of New
• 4:15
  Speaker 1: York says some of the men soliciting donations are quote
• 4:18
  Speaker 1: fake monks looking to make a quick buck. Global News
• 4:20
  Speaker 1: twenty four hours a day, powered by more than dred
• 4:23
  Speaker 1: journalists and analysts in more than twenty countries. From the
• 4:26
  Speaker 1: Bloomberg Newsroom. I'm Julie Hyman. This is Bloomberg, Charlie, and
• 4:30
  Speaker 1: we thank you and again recapping stocks lore with the
• 4:33
  Speaker 1: SMP five hundred index now down one to I'm Charlie Platon.
• 4:40
  Speaker 1: That's a Bloomberg business flash. You're listening to taking Stock
• 4:44
  Speaker 1: with Kathleen Hayes and Pim Fox on Bloomberg Radio. There's
• 4:48
  Speaker 1: luxury travel and then there's luxury travel. And we're speaking
• 4:53
  Speaker 1: now with a man who is co founder of a
• 4:56
  Speaker 1: company that takes luxury travel to the highest of heights.
• 5:01
  Speaker 1: Anthony Lastman joins us now, as I said, co founder
• 5:05
  Speaker 1: of Not That Any Global. They are based in London
• 5:08
  Speaker 1: and New York, and we're going to find out about
• 5:10
  Speaker 1: how he started the company, what he does, and of
• 5:13
  Speaker 1: course I'm going to be asking him, because he lives
• 5:15
  Speaker 1: right in the center of London, what about Brexit for him,
• 5:19
  Speaker 1: his fellow countryman and his business. Anthony. Welcome, is great
• 5:22
  Speaker 1: to have your studio, Nice to be here. Always love
• 5:25
  Speaker 1: in New York, Not to any Global? What are you?
• 5:28
  Speaker 1: What do you do? Not of any Global? Is a
• 5:32
  Speaker 1: management company of fine travel and lifestyle for the ultra
• 5:37
  Speaker 1: high net worths. It is for experiences that generally cannot
• 5:42
  Speaker 1: be found that easily with travel agents, concierge services and
• 5:47
  Speaker 1: online services. So what give me an example right now,
• 5:52
  Speaker 1: something I could do if I had the means to
• 5:57
  Speaker 1: book one of your trips. Give me something that is?
• 5:59
  Speaker 1: What example is? Thing that is so unique you can't
• 6:01
  Speaker 1: find it anywhere else. Well, before, while I was having lunch,
• 6:04
  Speaker 1: before I came her, I was just sharing something that
• 6:06
  Speaker 1: I experienced a few years ago, which was having lunch
• 6:10
  Speaker 1: with the Chatelaine of smith out Lafitte, the well known
• 6:16
  Speaker 1: winery in in western France, and her husband, and by
• 6:23
  Speaker 1: a coincidence we came into contact with each other. They
• 6:26
  Speaker 1: invited me to their beautiful chateau and then for a
• 6:29
  Speaker 1: picnic on their private island in the Garon River. What
• 6:33
  Speaker 1: was so unique about that was that we met for
• 6:36
  Speaker 1: drinks at the chateau and then we cycled down to
• 6:39
  Speaker 1: the river bank and we got into a very small,
• 6:42
  Speaker 1: very um um what is the word. I mean? It
• 6:47
  Speaker 1: was a very simple boat effectively with an outboard motor.
• 6:50
  Speaker 1: And we went across to their private island, which is
• 6:53
  Speaker 1: an uninhabited, very simple island, and what struck me was
• 6:58
  Speaker 1: the nature, the piece, the olitude. They had a little
• 7:01
  Speaker 1: cabin on the lake where they brought with everything for
• 7:05
  Speaker 1: a picnic. And of course they're wonderful wines. So there
• 7:09
  Speaker 1: we were sitting looking out onto the lake with a
• 7:12
  Speaker 1: beautiful bottle of smith out lafitte and barbecued meat and
• 7:18
  Speaker 1: and I thought, you can't buy this. And I as
• 7:23
  Speaker 1: we were discussing it, they said, look, if they are
• 7:25
  Speaker 1: like minded people who would want this kind of experience,
• 7:30
  Speaker 1: then obviously very selectively contact us. What is the business model?
• 7:36
  Speaker 1: You pay people like the that you know, the Louis
• 7:40
  Speaker 1: rohod Or family. If I want to drink champagne with them,
• 7:43
  Speaker 1: for example, you pay them, and then your clients pay you.
• 7:48
  Speaker 1: How does this work? The business model is effectively that
• 7:51
  Speaker 1: people pay us an annual fee in the same way
• 7:54
  Speaker 1: that people would pay for management of anything, whether it's
• 7:57
  Speaker 1: asset management, whether it's any four of highly experienced service.
• 8:03
  Speaker 1: So we are charging people fees to become private clients,
• 8:07
  Speaker 1: and depending on their needs and how many people because
• 8:11
  Speaker 1: we have family offices will be that will depend on
• 8:15
  Speaker 1: how much per year they are paying. They will then
• 8:18
  Speaker 1: be quoted a fee for whatever trip they are doing,
• 8:22
  Speaker 1: and they will pay and and they will pay and
• 8:27
  Speaker 1: they will pay. Yes, and you have more than about
• 8:30
  Speaker 1: six thousand clients, No, we have six thousand who are
• 8:34
  Speaker 1: on our database followers. They are followers of nota ben
• 8:38
  Speaker 1: A and our actual clients are within the hundreds because
• 8:44
  Speaker 1: we like to know every single client individually and to
• 8:48
  Speaker 1: understand their needs and what it is that they are
• 8:51
  Speaker 1: looking for. So we couldn't possibly deal with thousands as
• 8:57
  Speaker 1: private clients Underman Sun. So there's a lot of competition
• 9:04
  Speaker 1: in luxury. How do you set yourself apart? There's a
• 9:07
  Speaker 1: huge amount of competition. I think you know. I was
• 9:11
  Speaker 1: originally for many, many years in the real estate industry,
• 9:14
  Speaker 1: so I'm not a travel person per se. I went
• 9:18
  Speaker 1: in to travel, you could say, as a sort of
• 9:21
  Speaker 1: midlife crisis, career change. My wife actually challenged me. I
• 9:27
  Speaker 1: found so many people to whom I deferred, never told
• 9:31
  Speaker 1: me what I really wanted to know. How blue is
• 9:34
  Speaker 1: the sea? Will I see another building on the horizon?
• 9:39
  Speaker 1: Tell me where is the best view? What kind of
• 9:41
  Speaker 1: clear tell will I find there? What kind of experience
• 9:45
  Speaker 1: could I have that are not manufactured? And so that
• 9:48
  Speaker 1: is why I decided to take the challenge and create this.
• 9:52
  Speaker 1: I'm not worried so much about competition. There will always
• 9:56
  Speaker 1: be competition. Are you all worried? And you've got about
• 9:59
  Speaker 1: thirty seconds about the Brexit vote, the reverberations in markets.
• 10:03
  Speaker 1: This is hitting banks, etcetera. There's an issue for your
• 10:06
  Speaker 1: business and actually for your citizenship. Is a member of
• 10:09
  Speaker 1: the United Kingdom that we're obviously shocked. It wasn't the
• 10:13
  Speaker 1: It wasn't the result that we were expecting. The reverberations
• 10:17
  Speaker 1: that you have referred to are evidently very serious, and
• 10:20
  Speaker 1: people are focusing now on what on the next steps
• 10:24
  Speaker 1: and what to do. I would say that our area
• 10:26
  Speaker 1: of the market for travel and lifestyle is the most immune,
• 10:30
  Speaker 1: and I don't believe that people are going to stop traveling.
• 10:33
  Speaker 1: If people need to communicate for business, they can do
• 10:35
  Speaker 1: it on the yacht, in the villa, etcetera. They may
• 10:38
  Speaker 1: go away a little bit less frequently, but I don't
• 10:43
  Speaker 1: feel that there will be a major effect. Well, I'm
• 10:45
  Speaker 1: we're gonna keep track of you. You can track this
• 10:47
  Speaker 1: for US in the UK, certainly luxury travel thanks to
• 10:50
  Speaker 1: Anthony Lastman, co founder of nota Benic Global. I'm Kathleen Hayes.
• 10:55
  Speaker 1: This is taking Stock on Bloomberg Radio. A Supreme Court
• 11:03
  Speaker 1: decision striking down Texas abortion limits. We're going to be
• 11:08
  Speaker 1: speaking to BNA correspondent Kim Robinson now on Bloomberg Radio.