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Hotel investment in Asia up 85% in H1 2013 – strongest since 2008
Confirmed hotel transaction volumes in Asia has reached 1.3 billion US dollar in the first half of this year, up 85 percent compared to the first half of last year. The growth marks Asia’s strongest first half year since the first half of 2008, according to Jones Lang LaSalle’s Hotels & Hospitality Group. Weight of investment into the established tourism markets of Singapore, Hong Kong and Tokyo, coupled with opportunistic deals in emerging markets such as Thailand and the Maldives was predominately responsible for driving growth in the region. Mike Batchelor, managing director – investment sales, Jones Lang LaSalle’s Hotels and Hospitality, said, “Throughout Asia, we are also aware of circa 400 million US dollar in hotel transaction volumes to be confirmed soon and a further one billion US dollar in due diligence.”
1st Euro-Asian Ski Resorts Conference
Winter sports are widely recognized as an important segment in today’s highly relevant domestic and international tourism market. Nevertheless, mature snow destinations are increasingly facing the need for investment and product rejuvenation, while newer resorts face challenges of positioning and performance in the global market. The exchange of best practices and key policy initiatives among mature snow tourism destinations in Europe and developing ski resorts in Asia, are at the centre of the First Euro - Asian Ski Resorts Conference, “Developing New Destinations for Snow Tourism”, jointly organized by UNWTO and the Municipality of Almaty on 8-9 October 2013. The Conference will gather major public and private snow tourism stakeholders operating in Europe and Asia, and stimulate cooperation and knowledge exchange to foster sustainable growth and competitiveness for snow tourism destinations.
Beijing tourist numbers down 13.9% Jan.-July
Beijing received 13.9 percent fewer overseas tourists in the January-July period compared with a year ago as a slow global economy took its toll on tourism, new data has showed according to xinhua. Overseas tourists amounted to 2.51 million in the first seven months of the year, the local statistics bureau said. Overall, the city hosted 2.17 million foreign tourists, down 14.7 percent, and travelers from Hong Kong, Taiwan and Macao declined 9.1 percent to 347,000, it said in a statement. Of the major sources, tourists from the United States fell 3.6 percent year on year to 431,000. The numbers from the Republic of Korea fell 19.9 percent to 215,000. Those from Japan fell 53.7 percent to 136,000 in the wake of deterioration in bilateral relations.
Key Appointments in the Industry
Congratulations to these new appointments…
Eagle Ridge Resort & Spa (www.eagleridge.com) is pleased to announce Thomas A. Ruhs as the new general manager for the renowned resort located in Galena, Ill.
Park Hyatt Washington and General Manager Andrew Davidson announce the appointment of Mark Guthrie as Director of Sales & Marketing. In his new role, Guthrie will be responsible for Park Hyatt Washington's sales and marketing strategy and will manage the 216-room, luxury hotel's brand positioning within the local, national, and international markets.
The Latest in Hotel Openings
The Pod, a boutique capsule hotel, has opened in Singapore. The 83-capsule hotel offers guests personalised concierge services and a range of complimentary services such as dry-cleaning and laundry service, hot buffet breakfast with Nespresso coffee, use of business suites, high-speed Wi-Fi connectivity and more. “We have been observing the hospitality industry for some time now and realised there exists a gap in Singapore for discerning travellers who were mindful of their budget when it came to choosing their accommodation, but wanted to enjoy the comforts and quality synonymous with a hotel,” said Mr. Seetoh Kum Loon, co-founder of The Pod Singapore.
Archipelago International has opened the Hotel Neo Candi Semarang in Central Java, Indonesia. Located on Jalan Pemuda at the very heart of Semarang, the new Neo lends itself as a base for business travelers and tourists alike, with a convenient address just 10 minutes from Semarang’s Poncol Train Station. Hotel facilities include a “Noodles Now” Restaurant which focuses on freshly made authentic noodle dishes, ample onsite parking, a mini market and retail shops, as well as stylish meeting rooms intended for more intimate corporate affairs.
InterContinental Grand Stanford Hong Kong Unveils Newly Refurbished Premier Rooms And Suites With Refined Elegance. The refurbishment project started in the third quarter of 2011. In a complex project of 3 phases, the room layout is redesigned and part of the guest rooms is combined into suites to enhance the room spaciousness and offer breathtaking views of Victoria Harbour. 389 Premier rooms and suites have been refurbished with elegant contemporary touches, at a total investment of over HK$200 million.
Le Meridien Breaks Ground on New Hotel in Arts District of Columbus. Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced the debut of Le Méridien Columbus, The Joseph, adding this cosmopolitan Midwest city to Le Méridien brand's rapidly expanding global portfolio. Owned by The Pizzuti Companies and operated by Wischermann Partners, the new build 10-story hotel will offer 135 modern rooms with all of the Paris-born brand's signature amenities and services.
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