what is so interesting talking to arne sorenson, the numbers came out after the bell yesterday as youre very solid. here is what he said about growth first. >> and we're now starting another year with this 6%ish, kind of revpar growth. it feels to us like further proof that the recovery is solid and on a continue for a few years at least ahead of us. then we see increasing positive stuff outside of the united states. >> so one of the things that happened when the earnings numbers came out obviously was about that north american growth, guys but really what he told me, here is the next big thing. he said he is looking overseas. he just got back from asia. listen to what he told me about the future of the company and where the money is going to come from. >> the part of the economy most relative to us is consumer, chinese consumer part which the government is manaially focused on driving increase in. that is good news for us. both about china travel within china, and increasing about chinese travel outbound. >> liz and dave, he went on to tell me had gotten back, astounded by numbers of

we talked about this last time you were on, arne sorenson.erything we talked about last time. i'm sure a lot of our viewers don't either. would you mind going over it again? >> we closed last night at midnight for the acquisition of protea, for 116 hotels all in sub saharan africa. we're buying the brand and the hospitality business. this is a deal we started in november of 2012. we're thrilled to close it because we see in sub -saharan africa a huge growth in middle class, 40% increase in travel spending since 2009. you look at the decades to come and we think travel in sub-saharan africa will be great. we'll be thrilled to be part of it. >> you better know your stuff, too, arne. that is a true frontier market or is it not anymore? do we think of it wrong and the risks involved for you? >> it's obviously a riskier place than the united states would be. you look at when we evaluate the deal, we use different cap rates and the difference in some of the markets. the first time since independence swept across sub-saharan africa, really 50 years