Jonathan Segal believes it has been a lack of investment in infrastructure that has been the primary cause of the long-term fall in visitor numbers rather than the cost of visiting Jersey.
Mr Segal, the founder and chief executive of the US-based ONE Group also heads Modern Hotels in the Island. The ONE group of hotels, restaurants and lounges has 31 venues either open or under construction in seven US cities and London.
Its turnover this year is likely to be in the region of $130 million and Mr Segal says his intention is to float the company on a stock exchange towards the end next year or early in 2014.
