In this exclusive interview with Tania Bryer for CNBC Meets, Rafael Nadal, the legendary tennis champion, opens up about his life beyond the court. From his hotel ventures to the lessons he's learned from sports, Nadal offers a unique perspective on business and the future.
A Legacy in the Making
Nadal's retirement from competitive tennis in 2024 marked a new chapter in his life. With a remarkable 22 Grand Slam titles and a deep understanding of the game, he's now focused on building a legacy off the court. His hospitality brand, Zel Hotels, is a testament to this transition.
"I wanted to keep going, to have a purpose," Nadal shares. "Opening hotels felt natural, as I've spent half my life in them. I know what I like, and I wanted to create that experience for others."
The Business of Experiences
Nadal's insight into the changing consumer landscape is intriguing. He believes people are investing more in experiences, making hospitality an attractive industry.
"People want to explore, to create memories. It's an exciting time to be in this business," he adds.
However, he doesn't shy away from the challenges. Building a brand is tough, especially in a competitive market.
Sports as a Business School
One thing that immediately stands out is how Nadal's sports career prepared him for the business world. He talks about learning to tolerate frustration, work as a team, and manage both wins and losses.
"Sports teach you resilience and strategy. It's about understanding your strengths and using them to your advantage, just like in business," Nadal explains.
The Tennis Prize Money Debate
The ongoing discussion around prize money in tennis is a complex issue. Nadal offers a balanced view, acknowledging the players' perspective while also highlighting the organizers' efforts.
"It's a delicate balance. Players want fair compensation, but organizers invest year-round to make these events happen. Finding a sustainable solution is key," he says.
Investing in the Future
Nadal's business interests are diverse, ranging from hospitality to education and sports. His Rafa Nadal Academy, now an international network, is a prime example of his long-term vision.
"Investing in education and sports is crucial. It's about empowering the next generation and ensuring their well-being," he emphasizes.
A New Chapter
As Nadal navigates this new phase of his life, his business ventures reflect a deep understanding of the world and a desire to make a lasting impact.
"It's an exciting journey, and I'm grateful for the opportunities. I believe in the power of experiences and the potential of education. That's where I see my future," he concludes.
