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Tue 11 May 2010 12:32 PM

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VIDEO: More ATM interviews

Arabian Business TV talks to Jazeera Airways CEO Stefan Pichler and Rezidor Hotel Group CEO Kurt Ritter.

VIDEO: More ATM interviews
(Getty Images)

The real winners of the current economic situation are the low cost airlines, Jazeera Airways CEO told Arabian Business TV.

Arabian Business TV spoke to Jazeera Airways CEO Stefan Pichler and Rezidor Hotel Group CEO Kurt Ritter in an exclusive interview at the recently concluded Arabian Travel Market event.

"The real winners of the current economic situation are the low cost airlines" because they offer lower fares, Pichler said. This is because "people like to save money" and hence are choosing low-cost carriers to travel, he explained.

Rezidor's Ritter revealed that the group is looking to expand into the world's Emerging Markets (EMs), mainly Russia, CIS and Africa. These are areas where there is a genuine demand for hotel rooms, there's no over-supply and a big lack of international hotel chains, he said.

The group has no new upcoming projects in Europe at the moment, he added.{flvremote}http://www.arabianbusiness.com/pictures/flv/ATM-Jazeera-and-Rezidor.flv|442|350|true{/flvremote}

Arabian Business: why we're going behind a paywall

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