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This article showcases the potential of the Maldives and evaluates its current performance under the given changes in its tourism market, while highlighting key considerations for investors regarding hotel development and investment in the region.
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Visitation levels remained on a downward slope despite strong efforts by all markets in the first quarter of 2016.
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HVS is set to host yet another edition of the THINC Indonesia conference, this September. Having already established its reputation of being a one-of-a-kind hospitality event in the region, THINC Indonesia offers two exciting days of networking opportunities and a captivating line-up of seminars and panels by industry experts. Co-hosted by Ministry of Tourism, Republic of Indonesia and Indonesia Investment Coordinating Board (BKPM), the event is widely acknowledged as breaking the stereotype owing to its exotic island location of Bali and a relaxed ambience. Notable speakers at the conference this year include Arief Yahya*, Honorable Minister of Tourism, Republic of Indonesia; Budi Tirtawisata, Group CEO, Panorama Group; Frederic Flageat-Simon, CEO - Asia, Commune Hotels + Resorts; Hary Tanoesoedibjo, Founder and CEO, MNC Group; John Flood, President and CEO, Archipelago International Hotels, Resorts and Residences; Jonathan Vanica, Head Asian Special Situations Group, Goldman Sachs; Martin Rinck, EVP and President - APAC, Hilton Worldwide, and Rajeev Menon, COO - APAC (ex. Greater China), Marriott International, among others. The conference is scheduled to be held on 31 August and 1 September, at the Sofitel Bali Nusa Dua Beach Resort.
REGISTER NOW FOR EARLY BIRD | MORE INFORMATION.
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Themed ‘Authentic Experiences along the Mekong River’, the Mekong Tourism Forum (MTF) will be hosted by the Cambodia Ministry of Tourism in Sinhanoukville from 5 to 7 July. The forum serves as a platform for the six member countries of the Greater Mekong Subregion (GMS) to effectively market the GMS as a single destination. MTF2016 will feature educational and interactive sessions including the Mekong Tourism Marketing Workshop with a focus on authentic experiences in the GMS, the Mekong Tourism Digital Bootcamp produced by DIA/Digi.travel, the Mekong Food Tourism Seminar produced by Bangkok-based Thammasat University, and the Mekong Tourism Investment Summit. The Investment Summit, to be held on 7 July at the Sokha Beach Resort, will comprise interactive panel discussions from various key players in the GMS tourism industry and provide opportunity for stakeholders to promote their countries and companies for potential partnerships and foreign investment. Paola Orneli Bock, Vice President, HVS who heads the firm’s Bangkok office will be moderating the panel on hotel investment in the GMS, which will feature key players in the industry exchange their views on investment trends in the region.
CONTACT PAOLA FOR MORE INFORMATION.
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CapitaLand's wholly owned serviced residences business unit, The Ascott, has secured seven new management contracts across seven cities in Asia – Karawang in Indonesia, Putrajaya in Malaysia, Danang in Vietnam, Tokyo in Japan, and Changsha, Shanghai and Shaoxing in China. Lee Chee Koon, Chief Executive Officer of The Ascott Limited, commented “The addition of these seven management contracts will boost our income from management fees. With a strong reputation built for our award-winning brands and the value we provide to property owners through our expertise in design, operations, global sales and marketing, as well as our experience in managing properties worldwide, we are confident of achieving our target of 80,000 units globally by 2020,” The new serviced residences contract will strengthen The Ascott's presence in existing markets, such as Danang, Changsha, Shanghai and Tokyo, as well as introduce the brand name to two new cities in Asia.
HVS APAC HOSPITALITY NEWSLETTER.
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InterContinental Hotels Group has signed a franchise agreement with Kensington Close Hotel Ltd to operate the 694-room Kensington Close Hotel, one of the biggest hotels in London, and rebrand it as the Holiday Inn London Kensington. IHG director of development UK and Ireland, Philip Lassman, commented, “IHG is delighted to be partnering with Kensington Close Hotel Limited, owners of this landmark hotel. I am delighted that they have chosen IHG as their first franchise partner. Holiday Inn is one of the most iconic hotel brands in the world and the Open Lobby is going to create the perfect space for Kensington visitors and residents to come together.
HVS EMEA HOSPITALITY NEWSLETTER.
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