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🗓️ 22 August 2020
⏱️ 23 minutes
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0:00.0 | I'm really excited to have Raffa Ali who went on to be CEO of two companies that he started himself |
0:06.7 | after working for me for a brief time. Raffit is now the CEO and founder of a product called Skift. Let's talk about travel. |
0:18.3 | I am hearing that things like Uber and extended stay hotels in certain regions are now getting back to 60, |
0:32.0 | 70 percent. Is that a correct statistic? |
0:33.4 | So extended stay, which is longer term hotels, right? |
0:37.1 | Yeah. |
0:38.1 | They were doing, they have been doing well throughout the pandemic, which is people using that as a longer |
0:44.8 | term stay whether people moving out of cities and staying in these hotels for a |
0:48.1 | while or people just wanted to get out of their house So extended stay in fact they're the only |
0:55.0 | hotel extended stay America is is the only public hotel company that has |
1:01.8 | posted profits through these pandemics and so they're |
1:05.2 | They I mean if you have a kitchen you don't have to go out that's why I love staying at those and I like you know |
1:10.7 | people like oh aren't you staying at the four seasons I'm like I like, like, you know, people like, oh, aren't you staying at the four seasons? |
1:12.8 | I'm like, I like a place that has, I like a kitchen. |
1:16.3 | I like to make my coffee in the morning. |
1:17.4 | For that reason, Airbnb, which a lot of people were riding off at the start of this pandemic. |
1:22.1 | People are done with short-term rentals. |
1:24.4 | Nobody wants to stay in another house |
1:26.4 | because of the cleanliness, etc. |
1:28.3 | Guess what? |
1:28.8 | We are here today, August 10th, we're recording. |
1:37.8 | Story today that they're looking to file their IP on the next month. So they must have had a huge rebound. |
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