Rocco Forte: Can hotels recover?
The Interview
BBC
4.3 • 537 Ratings
🗓️ 27 May 2020
⏱️ 25 minutes
🧾️ Download transcript
Summary
No sector of the global economy has been harder hit by Covid-19 than the travel and hospitality industry. Millions of workers dependent on travel and tourism have been laid off around the world. Stephen Sackur speaks to Sir Rocco Forte, boss of a string of luxury hotels and a powerful voice in an industry chafing under strict lockdown rules. What future is there for an industry that depends on mobility and confidence?
Transcript
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| 0:00.0 | You're listening to a podcast from the BBC World Service. This is Hard Talk with me, Stephen Sacker. |
| 0:07.0 | Thanks for downloading this edition of the program. I do hope you enjoy it. |
| 0:11.7 | Welcome to Hard Talk on the BBC World Service with me, Stephen Sacker. My guest today has a family name long associated with the hotel business in the UK. |
| 0:22.6 | Sir Rocco Forty is the son of Charles Lord Forte, a young immigrant to the UK from Italy |
| 0:29.3 | who worked his way up the ladder of the hospitality industry from a single milk bar in 1930s |
| 0:36.1 | Soho to a chain of hotels, including some of the poshest in London. |
| 0:42.2 | Rocco took over the business from his father, only to lose control of it in a hostile takeover. |
| 0:48.5 | So Rocco decided to develop a new hotel business, acquiring a string of five-star properties in countries, |
| 0:56.0 | including Italy, Germany and Russia, as well as two hotels in London. |
| 1:01.9 | Now, though, his profits and his expansion plans have been hit hard by the COVID-19 pandemic, |
| 1:08.4 | and Sorocco 40 has become a high profile critic of the lockdown strategy |
| 1:14.4 | implemented by the UK and indeed many other countries too. He says avoiding deeper economic damage |
| 1:22.2 | should be the number one priority of all governments. But is he in danger of missing the bigger picture that even |
| 1:31.4 | when the pandemic is a distant memory, the travel and hospitality business may never return |
| 1:37.5 | to the pre-COVID status quo? Well, Rocco 40 joins me now. Welcome to Hard Talk. Thank you very much for asking me to join you. |
| 1:47.8 | It's a pleasure to have you on the show. And you, like everybody else, have lived through the most |
| 1:52.8 | extraordinary three months of this COVID-19 pandemic. I wonder what impact it's had on you, both personally and professionally, |
| 2:04.4 | in terms of your business. Well, I mean, I've had the virus and recovered from it. So, and |
| 2:11.1 | back to full, full health now. I was never hospitalized or anything like that |
| 2:19.0 | and it was really like |
| 2:21.4 | a very very bad flu. |
| 2:22.9 | But the thing |
... |
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