Newsletter - January 24, 2003
Meeting
Industry Faces Wake-Up Call
MPI and American Express Survey Reveals Meeting Expenditures Will Stay
The Same, Number of Meetings Will Increase Slightly, But Industry Planners
And Suppliers Widely Apart on 2003 Projections.
/PR Newswire/ - If the travel industry expects more
meeting and convention bookings to offset sluggish business and leisure
travel in 2003, it faces a big wakeup call, according to a just released
meeting industry survey by Meeting Professionals International (MPI) and
American Express (NYSE: AXP).
Meeting
planners in the U.S., Canada and Europe project an overall average budget
decrease of 1.1 percent in 2003 vs. 2002, even with a 1 percent average
growth in how many meetings they will plan. Conversely, business travel
partners who supply hotels, air travel and other services to the industry
project a 6 percent average increase in meeting revenue and the number of
meetings they will host respectively.
The sizable
gap is spelled out in FutureWatch 2003, a first-ever meeting industry
report that side-by-side compares buyer and seller data. Beyond
differences in what planners say they will spend and what suppliers expect
to make in meeting revenues, broader issues include conflicts about
flexible cancellation and attrition clauses and increased use of
technologies that could greatly impact an industry built on
relationship-based buying and selling.
"The
business of meetings is big business, and in economic times like this,
it's good news that spending will remain relatively the same, and the
number of meetings held will increase slightly. Overall, the global $
102.3* billion industry represents a significant portion of all business-
related travel, including approximately 27 percent of all hotel bookings
in the U.S. alone. But these trends signal a major shift in how the
business of meetings is conducted and reveals a looming threat of
commoditization," said Edwin L. Griffin, Jr., CAE, president and CEO
of MPI.
"Face-to-face meetings are here to stay, but a
soft economy combined with organizations demanding less financial risks
when booking, plus new technologies all mean the industry must adapt to
change. As the only association equally representing both sides, we hope
this revealing data sparks deep dialogue," Griffin continued.
The survey's
1,300-plus planner respondents (15 percent of MPI's total planner base)
have significant buying power with 2003 meeting budgets equaling $ 3.94
billion total. More than 2,700 corporate, association, independent and
consultant planners, plus suppliers from hotel chains, convention hotels
and conference centers, resorts, airlines, convention and visitors bureaus
and other related businesses responded to the survey.
Planners and
partners differ on projected spending and revenues
According to
FutureWatch 2003, the aggregate economic size of the meeting industry in
the U.S., Canada and Europe is not expected to change as planners project
a statistically insignificant 1.1 percent decline in spend with
geographies differing slightly.
-- Canadian
planners report the lowest average annual budgets at nearly
USD$ 1.57 million
(approximately CDN$ 2.4 million) but expect the
highest growth at 3.8
percent.
-- Europeans
have the highest average annual budgets at just under
$ 4 million
(approximately 3.9 million Euros) and predict a 2.9 percent
budget increase.
-- U.S.
planners project an average 1.7 percent decline and control
average budgets of $
3.3 million.
On average,
suppliers hope for a more than 6 percent increase in meetings revenue,
with Canadians most aggressive at 8.3 percent, followed by those in the
U.S. at 5.8 percent, then Europeans at a 2.9 percent increase.
The two sides
are nearly as far apart in predicting change in how many meetings will be
held in 2003 vs. 2002, with suppliers again projecting a 6 percent
increase overall vs. a 1.1 percent gain indicated by planners.
"It's
very clear that the industry is moving more toward a more price- based
model, fostering heated competition between various properties, venues and
destinations as they rush to grab market share," said Griffin.
"Add the fact that planners and their organizations are no longer
willing to take the economic risks of inflexible attrition or
cancellations clauses and suppliers bear a larger burden to deliver
value."
Cancellation
and attrition controversy
FutureWatch
2003 also reveals that nearly one-third of planner respondents ranked
relaxation of cancellation and attrition clauses as the most significant
operational trend for 2003, while 15 percent of suppliers placed
relatively low priority (fourth out of four options) on becoming less
stringent with cancellation and attrition clauses, behind choosing more
flexible pricing, additional incentives or personal service to better help
planners in 2003.
"It is
obvious planners seek flexibility and greater assurance that their meeting
business commitment will not result in an overwhelming loss in the case of
catastrophe, which creates a larger burden for business travel partners to
prove value and assume economic risk. The two sides must come together on
this issue," said Griffin.
Increased
impact of investment in technology
The use of and
investment in technology is potentially moving an industry steeped in
one-to-one buying and selling toward a more low-touch sales process.
-- Planners
project a 23 percent increase in Web use to window shop for
venues and
destinations, while expecting to increase actual Internet
bookings by
only 5 percent.
-- 81 percent
of suppliers said they will invest in Web site improvements
in 2003.
-- 54 percent
of suppliers anticipate increased investment in customer
relationship
management (CRM) technology training and staff.
"As
companies and associations downsize meeting departments and move more
toward the Internet, much like we've seen in the business and leisure
travel segments, planners will have to adapt in order to maintain their
internal value," said Griffin. "Already we're seeing a shift in
the corporate world toward the process of acquiring meeting support and
services becoming a function of the procurement department to generate
efficiencies."
Additional
findings
The survey
also revealed that:
-- Independent
planners will have the largest budgets in 2003 with an
average of
more than $ 4.8 million in annual spending, nearly
$ 800,000 more
than the average budget for corporate planners.
-- Primary
markets will continue to dominate as hosts for major meetings,
but about 9
percent of planners overall expect to increase use of
secondary,
regional and domestic markets.
-- U.S. and
Canada planner venues of choice are resorts or city hotels
(62 percent),
while Europeans favor city hotels or convention centers
(54 percent).
Association
Insights, an independent market research firm, conducted the research for
FutureWatch 2003. Approximately 15,500 MPI members were invited to
participate via email, to which more than 13 percent of suppliers (1,130)
and 18 percent of planners (1,340) responded.
About American
Express
American
Express is a leader in corporate expense management services; its
Corporate Cards, Corporate Meeting Cards and Corporate Purchasing
Solutions are used by more than 70% of the Fortune 500 and tens of
thousands of mid-size companies. American Express Meetings &
Incentives assists clients with a wide range of meeting planning and event
management services. American Express also operates one of the world's
largest travel agencies with more than $ 17.2 billion in worldwide travel
sales in 2001. American Express Company, a diversified worldwide travel,
financial and network services company founded in 1850 -- is a leader in
charge and credit cards, Travelers Cheques, travel, financial planning,
investment products, insurance and international banking.
About MPI
Established in
1972, Dallas-based MPI (www.mpiweb.org ) is the leading expert committed
to shaping and defining the future of the meeting and event industry. As
the largest professional association for the $ 102.3 billion meeting
industry, MPI defines the return on investment and strategic value
meetings bring to individuals, organizations and the global economy. MPI
members conduct more than 770,000 meetings and special events annually.
MPI helps its members enhance professional value by providing them with
best practices, superior education, research, professional development and
networking opportunities.
* $ 102.3
billion is the total spending for the meeting and convention industry in
2001, as determined by the total value of output delivered to final demand
as a result of delegate, association, exhibitor, corporate and incentive
traveler expenditures. Convention Industry Council
SOURCE Meeting
Professionals International
News@PATA
PATA UNVEILS NEW STRATEGIC PLAN AT BAHRAIN BOARD MEETING
The PATA Board of Directors approved a new strategic plan at
the PATA Board of Directors meeting in Bahrain, January 17-19, 2003. The
Board favourably endorsed the ten policy initiatives contained in the
President's 'New Agenda for PATA’, namely:
1) To protect the industry and the region; position the
Association as the pre-eminent leader and voice on travel and tourism in
the Pacific Asia region; and promote travel to and within the region
2) Use new technology and media to directly reach the
consumer, in support of our members' products and services
3) Develop a strong, close and supportive special
relationship with China (PRC) and India
4) Create an “Allied Partner” category for government
member bodies outside the PATA region to affiliate with PATA
5) Create an “Individual Member” category
6) Draw more “Young Tourism Professionals” to PATA
7) Appoint a dedicated PATA staff member at its headquarters
to strengthen and empower the PATA chapter network
8) Provide membership benefits only to members in good
financial standing with the Association
9) Adopt a fiscal year based on the calendar year
10) Reduce the frequency of PATA Board of Director meetings
from three to two times a year, in conjunction with the PATA Annual
Conference and PATA Travel Mart, effective from 2004.
PATA THAILAND CHAPTER TO LAUNCH ONLINE SEMINAR
The PATA Thailand Chapter and the Asian Institute of
Technology will host a seminar entitled “On-Line Strategy for the Travel
Industry” at the Sofitel Central Plaza Hotel, Bangkok, Thailand,
February 21, 2003. The all-day intensive seminar is designed to provide
in-depth information about the Internet, its applications and how to
maximise business potential from this fast-growing distribution channel.
The seminar will include presentations by leading academics in Web
technology from Thailand’s Asian Institute of Technology, Diethelm
Travel, Siemens and the Association of the Thai Computer Industry.
Important legal issues concerning the Internet, trends in the software
industry and related case studies will be examined. The presentations will
be available on CD-ROM at the close of the sessions. Registration for PATA
members is THB1,500 per person, THB1,900 for non-members and US$50 for
spouses for social functions only. For registration and further
information tel: (66-2) 2375195-9.
Fax: (66-2) 2375190. E-mail: pata@asiaaccess.net.th. Web
site: http://www.patathailand.org.
8TH MTF LAUNCHES TOUR PROGRAMMES
Participants of the 8th Mekong Tourism Forum are invited to
explore Vietnamese culture with a series of tour programmes. The Forum
will take place in Hanoi at the Hanoi Daewoo Hotel on March 28-30, 2003.
The tours will visit Hanoi, Hoa Lu, the first capital of Vietnam, a
pottery village at Bat Trang, Hai Phong’s classical European colonial
architecture, Halong Bay by boat, ancient Cham culture in Danang and the
ancient port town of Hoi An. The event is supported by the Asian
Development Bank, the UN Economic and Social Commission for Asia and the
Pacific (ESCAP) and the Agency for Coordinating Mekong Tourism Activities
(AMTA). Delegates who register before February 28 will save US$20 on
registration. To register, visit http://www.pata.org/frame_e.cfm?pagetype=eprog&ebid=35.
For reservations and further information about the tours, please contact
Mrs. Dang Thuy Lan at Vietnam Tourism-Hanoi. Tel: (84-4) 826-4154. Fax:
(84-4) 825-7583. E-mail: vntourism3@hn.vnn.vn. Web site: http://www.
vn-tourism.com.
PATA STANDS OUT AT EIBTM 2003
PATA Europe Division has organised a stand at EIBTM, a
leading international incentive, business and meetings event, in Geneva,
Switzerland, May 20-22, 2003. The PATA stand is strategically located in
the Pacific Asia area, by the main entrance. For information and to
register please contact PATA Europe. Tel: (377) 92 05 61 32. Fax: (377) 92
05 61 33. E-mail: europe@pata.mc.
EARLY BIRD SPECIAL OFFER FOR WTM 2003
After the success of World Travel Market 2002, a PATA stand
will be organised for World Travel Market 2003 at Excel in London,
November 10-13, 2003. The PATA stand is secured in a prominent location
within the Pacific Asia area and is traditionally very popular with the
trade. A US$200 early bird discount will be offered for registration
received by July 31, 2003, making the registration fee only US$2,900 (year
2000 rate). For registration details and more information, please contact
PATA Europe at europe@pata.mc.
BOOK NOW AND SAVE ON LUXURY SHOW REGISTRATION
PATA will organise a stand at the International Luxury Travel
Market 2003 (ILTM) in Cannes, France, December 9-11, 2003. ILTM 2002
attracted impressive numbers of luxury travel buyers interested in the
Pacific Asia region. Registrations received before March 31, 2003 will pay
US$3,040 (US$1,000 deposit to be received by March 31; balance due by
August 31). US$3,100 is charged for registration after March 31. Late
registrations submitted after August 31 will pay US$3,500. To register and
for more information, please contact PATA Europe at europe@pata.mc.
PATA STRATEGIC INTELLIGENCE CENTRE WORLDWATCH
** One of Southeast Asia’s longest stayed cable bridges
will be built in Vietnam, beginning 2004. The six-lane US$342.6 million
Can Tho Bridge will span the Hau River and connect Can Tho and Vinh Long
provinces.
** The Asian Development Bank announced that Vietnam's
economic growth is expected to increase by 6.8 percent in 2003. Consumer
spending will expand 4.5 percent, while the services sector will grow 5-6
percent.
** Visitors arrivals to the Philippines increased 7.6 percent
in 2002. Major markets included China (PRC) +46.8 percent and Korea (ROK)
+38.7 percent, while secondary source markets in Southeast Asia surged,
notably Singapore and Thailand.
** China (PRC)'s total tourism income is predicted to reach
CNY600 billion (US$75 billion) in 2003, with US$21.5 billion expected from
100 million inbound visitors and US$53 billion from 900 million domestic
travellers.
**The Asian Development Bank will provide a US$500,000
technical assistance grant to help improve six small airports in the
northern Lao PDR provinces of Bokeo, Houaphan, Oudomxai, Phongsaly,
Sayaboury, and Xieng Khouang.
ASTA's
2002 World Travel Congress in Hawaii - Highest Rated
Travel
agents who attended the American Society of Travel Agents' (ASTA) 2002
World Travel Congress in Hawai`i rated it the highest among ASTA
Congresses during the past five years. Exhibitors also gave the trade show
high marks. "ASTA's 2002 World Travel Congress in Hawai`i was a
tremendous success. We owe a big thanks to the Hawai`i Visitors and
Convention Bureau, Congress Chair Susan Tanzman, all the travel agents and
suppliers who attended, as well as the numerous other people who worked so
hard to make Hawai`i a memorable time," said ASTA President and CEO
Richard M. Copland, CTC.
ASTA surveyed U.S. delegates
and found that respondents were very satisfied with ASTA's World Travel
Congress in Hawai`i. Many agents remarked that the 2002 Congress was the
best conference they have attended. On a scale of one to 10, where 10 was
the best, agents rated the Hawai`i Congress a score of 8.7. The past five
Congresses received the following favorable ratings: New York, 7.3; Las
Vegas, 7.2; Strasbourg, 5.3; Los Angeles, 6.8; and Glasgow, 7.2. Overall,
the percentages for above average and excellent ratings were very high
(76.3 percent). Agents gave high ratings to business opportunities at
Congress, including educational seminars (79.4 percent) and networking
(70.2 percent).
This is an improvement
from ratings of educational seminars in New York (64.4 percent) and Las
Vegas (70.8 percent), and ratings of networking in New York (56.8 percent)
and Las Vegas (60.9 percent). Agents were also pleased with the
sightseeing events, general sessions and social opportunities in Hawai`i.
Survey respondents said they preferred motivational and inspirational
speakers as General Session speakers. Travel industry leaders came in
second, while business experts and technology gurus were the third choice.
Agents said they loved receiving their badge ahead of time - a new benefit
at the 2002 Congress. About 61 percent said they preferred to have their
badge mailed to them.
The trade show in Hawai`i
differed from those in the past because attendees were able to order
brochures rather than carrying them home. About 81 percent said they
preferred to order the brochures. Nearly 90 percent of travel agents
reported that they made a significant number of new business contacts at
the trade show. Trade show exhibitors rated the Hawai`i trade show an
average of 6.9, while exhibitors rated the New York and Las Vegas trade
shows 5.1 and 5.9, respectively. Exhibitors were the most satisfied with
the booth space and networking opportunities. Each received more than 55
percent of votes in the above average and excellent categories. Business
leads saw a dramatic improvement. The number of exhibitors who said they
made more than 100 business leads at the trade show more than doubled,
compared with the trade shows in New York and Las Vegas
At the 2002 Congress, ASTA introduced the Nomad Palm Pilot, a lead
retrieval system used to capture travel agent contact information. About
two-thirds of exhibitors who rented the Nomad plan to do so again next
year in Miami. ASTA's 2003 World Travel Congress in South Beach, Miami, to
be held Oct. 21-26, 2003, will include a program of interactive workshops,
product seminars, expert speakers and evening galas, including a dinner
sponsored by the Hong Kong Tourism Board, future host of ASTA's 74th World
Travel Congress. ASTA's Congress and Cruisefest East will be held
together, bringing agents an action-packed week, filled with education and
networking opportunities. The combined registration fee for both 2003
Congress and ASTA's Cruisefest East is $129.00 for travel agent delegates
registering through April 1, 2003.
Marriott
Launches Major Global E-Commerce Venture
Marriott International (NYSE:MAR) has launched one of the
hotel industry’s most ambitious e-commerce ventures. The first three of
10 planned localized international Marriott.com web sites went live today.
They are for the German (www.marriott.de), Japanese (www.marriott.co.jp)
and Mexican (www.marriott.com.mx) markets and will offer customers a new
way to do business anytime, anywhere in their local language with
information that is culturally relevant.
“As the Internet brings the world closer, we felt it was essential to
provide our customers with web sites that meet their travel needs and
offer them information in their languages,” said Susan Thronson,
Marriott’s senior vice president, brands, international lodging.
She added that these sites are market specific but they are global in
nature. While their content is designed for the local market, the look and
feel is consistent across sites.
All sites are authored and maintained locally and run on Microsoft Content
Management Servers. The individual regions determine what web site content
is relevant to their customers.
Customers using the sites will be able to make reservations and research
information on the hotels, meeting planning and Marriott Rewards.
Over the next year, Marriott plans to add web sites in the United Kingdom,
France, South Korea, China, Australia, the Netherlands and Canada.
Four
Seasons Hotels And Resorts Conference Call
/PRNewswire/
-- Four Seasons Hotels Inc. (TSX Symbol "FSH"; NYSE Symbol
"FS") announces that it will be releasing its 2002 fourth
quarter and year-end earnings on Thursday, February 27, 2003, before the
markets open.
The Company
expects to hold a conference call to discuss the results on the same day
at 10:00 a.m. (Eastern Standard Time).
To access the
call dial: 1 (888) 740-4844 (U.S.A. and Canada)
1 (416)
641-6704 (outside U.S.A. and Canada)
To access a
replay of the call, which will be available for one week after the call,
dial: 1 (800) 558-5253, Reservation Number 21107407.
A live web
cast will also be available by visiting http://www.fourseasons.com/investor
. This web cast will be archived for one month following the call.
Melbourne:
visitor surge aids hotel-room sales
The Age - Unexpectedly
strong visitor numbers boosted Melbourne's hotel sector at Christmas but
threats of oversupply continue to cloud prospects for this year.
Despite the
general tourism malaise, figures from the Australian Hotels Association
showed total room sales improved in the recent Christmas period compared
with December 2001, although average occupancies were down thanks to the
greater number of hotels on the market.
A report on
Melbourne's tourism industry by valuer Landmark White had tipped a
short-term slump in demand for rooms, with the prospect of a rise in room
yields in the next 12 to 18 months on an expectation of healthy tourism
forecasts.
The tourism report expected the number of
international travellers to Australia to rise 3.5 per cent this year
before stronger growth in 2004.
However,
terrorism threats would continue to have an adverse effect on visitor
arrival numbers, particularly from distant countries, Landmark White
research manager Megan Beerworth said in the report.
Individual
operators confirmed the boom in Christmas visitor numbers. Heidi Robinson,
director of sales and marketing at Melbourne newcomer the Ramada Hotel,
claimed all rooms were full.
"We are
really pleased," Ms Robinson said. "We have only been open 12
months and we have seen sensational occupancies - the biggest I have seen
in January."
Amid the
activity, two city hotels, including the iconic Adelphi, have begun sale
talks.
John Denton,
director of Denton Corker Marshall, which owns the Flinders Lane
development, confirmed that a group of local investors were interested in
the building.
He said the
discussions were preliminary and the firm was not actively looking to
sell.
"What
happened is there are some people doing due diligence and looking at
setting up a strata-titled concept," Mr Denton said.
"They may
be signing. They have put contracts to people to package up a group of
investors to look at buying it outright. But as I say, they haven't signed
a contract, haven't paid any money yet. At the moment it's all out there
in La La Land."
The Hotel
Enterprize in Spencer Street is in talks to sell a 50 per cent stake in
the recently refurbished, 200-room business. General manager Stephen
Fewell said there had been a lot of interest from Australian and Asian
investors.
However, talks
will need to be speedy if owners are to capitalise on the current market
buoyancy, because analysts are forecasting a correction.
Jones Lang
LaSalle senior vice-president Mark Durran said he believed the city and
Docklands areas in particular were in for some rough trading.
"Oversupply
has to bite at some point," Mr Durran said. "And we think this
year that should start to manifest itself with more competitive room rates
and reduced occupancies."
10th edition of the Levant’s largest and most regional
hospitality and food forum to be held in April 2003
The Beirut International Exhibition and Leisure center is gearing up to
host the largest edition of the annual Horeca show, which will occupy two
halls during April 1-4, 2003 at BEIL, Beirut Central District. The annual
meeting-place will be supported by The Syndicate of Lebanese Hotels
owners, Syndicate of Lebanese Restaurants, Cafés, Pastry shops and
Night-Clubs owners, Syndicate of Lebanese Food
industries and Syndicate of Lebanese Supermarkets owners.
Horeca attracts visitors from all over the region. More than 16,000 trade
professionals visited the 2002 edition, with representation from 47
countries mainly from Armenia, Belgium, Canada, Cyprus, Jordan, Kingdom Of
Saudi Arabia, Poland, Syria, Turkey, United Arab Emirates, United Kingdom.
In addition, the show attracts key decision-makers from Hotel, resort,
Furnished apartment, Restaurant, night-club, pub, Club, Pastry shop,
bakery, Supermarket, retail store, Architect, interior designer,
contractor, Consultant, franchise, Finance, Equipment supplier, Food &
Beverage supplier, Independent caterer, Institutional Catering, Media,
Services.
“With continued development in the number of hotels and food outlets in
the region, the potential opportunities for participating exhibitors
continues to expand” said Joumana Dammous-Salamé.
“Beirut has seen a sharp rise in restaurant and
hotel activities during 2002, while 2003 is expected to be ever better.”
The exhibition’s product profile is extensive and includes, catering
equipment & services, tabletop, uniforms & linen, laundry,
maintenance & hygiene, technology: software, telecommunication,
security, audiovisual supplies, packaging, schools, universities,
franchise, finance & management, services, furnishings and fixtures
for the industry, food and beverage products.
The 10th edition of horeca has been booked
with more than 70% in the number of exhibitors with the participation of
foreign pavilion from Austria, Cyprus, Italy, Jordan and Tunisia
Kempinski appoints new
operations head
AsiaTravelTips.com - Kempinski
Hotels & Resorts recently announced the appointment of Michel Novatin
as Director of Operations. Novatin joined Kempinski on January 13th 2003.
Reporting to the CEO, Novatin will be responsible for operations in all
Kempinski properties. Hotel General Managers, Regional Vice Presidents and
Regional Directors will report to Novatin, who will be based at
Kempinski’s world-wide headquarters in Geneva.
Novatin has
broad, international experience. He joins Kempinski from Société des
Bains de Mer (Monte Carlo), where he was Group Managing Director for five
years of the Hotels, Restaurants and Gaming Company. Previously Novatin
was Président Directeur Général of the Tourism Branch of the Danone
Group, based at the Domaine du Royal Club Evian (France) for seven years,
large resort complex including hotels, restaurants, casino and golf
courses. Novatin was also General Manager of several Inter Continental and
Le Meridien hotels from 1972 until 1986 in Asia, the Middle East and
Africa.
Novatin, 58,
is a native of Alsace, France and speaks fluent French, German and
English. He is married with two children.
Founded 105
years ago, Kempinski’s portfolio of over 30 properties comprises
international grand dames, as well as breath-taking modern hotels and a
growing collection of luxurious resorts. Landmarks include the legendary
Hotel Adlon Kempinski in Berlin, Grand Hotel Europe in St. Petersburg, the
Ciragan Palace Hotel Kempinski in Istanbul and the Kempinski Hotel
Corvinus in Budapest.
Kempinski
Hotels & Resorts has entered a phase of significant expansion.
Kempinski’s first ski resort, Kempinski Grand Hotel des Bains in St
Moritz, Switzerland, opened on December 15th, shortly followed by the
openings of Le Mirador Kempinski in Vevey, Switzerland, and the Kempinski
Hotel Nikopolis in Thessaloniki, Greece. The Kempinski Grand Hotel
in Heiligendamm, Germany, will open on the shores of the Baltic Sea, in
May.
The growth of
the portfolio continues apace with the development of a huge Palace Hotel
in Abu Dhabi, which will open in 2004 ; and in the same year Kempinski
will open what will be the leading luxury hotel in Sao Paulo,
Brazil.
Marco
Polo Announces Second Beijing Hotel
The
Marco Polo Hotel Group has entered into an agreement for the pre-opening,
technical services and long-term management of an international standard
full service deluxe hotel to be built by Beijing Huahui
Real Estate Development Center in the Chaoyang
district in close proximity to Beijing’s Olympic Park
Celebrating
the announcement of the Marco Polo Hotel Group’s second hotel in
Beijing
, a signing ceremony
was held today in
Beijing
today
represented by the senior management of the Marco Polo Hotel Group and
Huahui Real Estate Development Center
The
new Marco Polo hotel will be the focal point of a multi-use office and
commercial complex, 600 meters from the entrance to the new Olympic Park,
venue of the 2008 Olympic Games. Scheduled to open in 2006, the 18-storey
hotel will provide over 330 rooms and suites, the signature Continental
Club Floor, world-class restaurants and entertainment lounges, extensive
conference and banquet facilities and a state-of-the art fitness center.
“We
are delighted to be operating a second Marco Polo hotel in
Beijing
, one of the
fastest growing and important international markets. We are most pleased
to be in partnership with one of
China
’s most
well-respected and experienced real estate companies for the development
of this important hotel, perfectly timed to fulfill the requirements of
the 2008 Olympic Games,” said Mr. Michael Kalyk, President of Marco Polo
Hotel Group.
“We
are pleased to be working with the professional hoteliers of the Marco
Polo Hotel Group, a well established Hong Kong-based hotel management
company with significant experience in the development and operation of
quality hotels in the Asia Pacific region. Our working relationship with
the Marco Polo Hotel Group assures the success of the hotel,” said Mr
Sun Yonghua, the General Manager of
Beijing Huahui Real Estate
Development Center.
Beijing
Huahui Real Estate Development Center is a professional real estate
development corporation. Since
its foundation in 1995, Huahui has been developing new ideas, new
mechanisms and new approaches to accomplish the construction of municipal
facilities in the area north of the
Asia
Games
Village
.
Along with the 2008 Olympic Games in
Beijing
, Huahui will
strive to become the leading developer of residential property
in the 21st century.
The
Marco Polo Hotel Group is a
Hong Kong
based
hotelier, and a wholly owned subsidiary of Wharf Holdings Ltd. - one of
Hong Kong
’s leading
property investors. Founded
in 1986, the Marco Polo Hotel Group is a market leader in the management
and operation of outstanding hotel properties offering a hospitality
experience that is warm, efficient and distinctly Asian.
In the years to come, the Group will develop and operate an
additional of five to seven prestigious hotels in prime locations within
the Asia-Pacific Region
The
Marco Polo Hotel Group’s first mainland property is the lakeside Marco
Polo Xiamen, a market leader since opening in 1996.
The Marco Polo Beijing, having opened in Xidan of the Xicheng
District in 2001, recently won two of
Asia
’s most
prestigious interior design awards and has become the model for the Marco
Polo Group’s continued expansion into
China
and the other
key business centers of the Asia-Pacific region
With
the opening of a new Beijing Hotel, the Marco Polo Hotel Group will have a
portfolio of eight properties in Asia
including
The Marco Polo Hongkong Hotel, The Marco Polo Gateway and The Marco Polo
Prince in Hong Kong; The Marco Polo, Xiamen and The Marco Polo, Beijing in
China; The Marco Polo, Davao in the Philippines and Omni Saigon Hotel in
Ho Chi Minh City, Vietnam. Further
details on the Marco Polo Hotel Group is available at www.marcopolohotels.com
Exhibitors
From 7 Different Countries Prepare A Showcase of An Incredible Range of
Products and Services Under One Roof
Beirut, January 22, 2003.
For the first time in the 10-year
history of HORECA, Jordan will officially be represented through a
national pavilion at HORECA 2003 aimed at enhancing trade and tourism
between Jordan and Lebanon as well as the wider region.
The pavilion has been organized by Events Unlimited of Jordan, the
co-organizers of the International Hospitality Forum.
The Jordan Tourism Board will sponsor the participation of
Jordanian companies who will be displaying various products covering
foodstuff, hotel amenities, contract furnishing and many other products
and services supplied and produced by Jordanian companies.
In addition, other countries will
organize pavilions at HORECA benefiting from the boom of tourism and
investment in Lebanon. For
the first time, Austria, the United Arab Emirates and Thailand will
participate at HORECA. Turkey,
Holland and Cyprus, who were very satisfied in previous years will join
HORECA once again with bigger and better stands.
The show’s success stems from the
fact that last year the Arab Summit and the Francophone summit
demonstrated their confidence in Lebanon by selecting Lebanon as a host
country. In addition, new
hotel construction is on the horizon: A Kuwaiti firm, Landmark, will
invest $150 million to build a five-star hotel and a complex of
residential apartments and commercial offices.
The Hilton group is building a $60 million 170-room project of
20,000 square meters. Solidère
announced deals for hotel projects worth up to $200 million to be built in
the next two years in downtown Beirut. Saudi Prince Al Waleed Bin Talal is also undertaking a
multi-million dollar Four Season and Marina Towers project.
Editor’s Note:
Ø
More than 65% of the area is booked as of the present time.
Ø
More than 110 Lebanese companies have already reserved their
booths.
And…daily activities including Hospitality Salon Culinaire,
Lebanese Barmen Contest, Deco’tel, table setting contest, Job meeting
point, conferences & workshops as well as an array of networking
opportunities
Record
visitors for Global Village
Global Village 2003, the international attraction of the Dubai Shopping
Festival, is heading for a record visitor in-take with figures for the
first six days of DSF showing a 36% increase on last year.
In the initial six days of DSF 2003, some 416,981 people visited Global
Village, which is hosted by Dubai Festival City, the
‘city-within-a-city’ project being built on the banks of Dubai Creek.
The turnout compares with 308,716 visitors for the same period last year.
"While the attendance figures themselves are very encouraging, we are
also particularly heartened that our efforts to improve access to the
Global Village site appear to be paying dividends with little congestion
on the Al Garhoud Bridge," said Alan Gordon, General Manager, Global
Village.
Infrastructure, facilities, access and parking at the Creekside
entertainment spectacular were improved for Global Village 2003 to cope
with an anticipated increase in visitor numbers. Alongside a 30% increase
in the number of car parking spaces, an additional pre-paid parking scheme
and more access points from Al Rebat Road, the 32-day
‘window-on-the-world’ features shuttle services with a tram, road
trains and horse-drawn carriages.
"We are now approaching the 500,000th visitor mark when the person
recorded as the lucky half millionth guest will receive a pair of matching
Cerruti watches courtesy of Bin Hendi Enterprises," explained Gordon.
"Every half millionth visitor to the Global Village will be rewarded
with Cerruti watches with a special surprise gift being lined up for the
three-millionth visitor should we reach this incredible target."
Five Dubai-based charity organisations are to benefit from the Global
Village pre-paid parking initiative. A percentage of fees raised from the
sale of the pre-paid packages, which are Dhs500 each, is to go to the
charities. The pre-paid packages give card-holders unlimited access to an
exclusive approach road and parking facilities at Global Village for the
duration of DSF.
Pre-paid parking packages are available from the DSF at the Economic
Department in Baniyas Road, the Al Futtaim Centre, Marks & Spencer
& Toys ‘R’ Us showroom on Salahuddin Road, the Global Village
Office on the Dubai Festival City site and at selected Spinneys outlets.
"In response to requests from visitors, we’ve also added a booth at
the pre-paid entrance to allow on-the-spot parking pass purchases,"
added Gordon.
Additionally more information is available from Ahlan Dubai on Dubai 090
400 99.
Global Village 2003 is jointly produced and managed by the Dubai Shopping
Festival and the Al-Futtaim Group, which is developing the 1,200 acre
mixed-use Dubai Festival City project. Global Village 2003 features 32
pavilions, a giant fun fair, stage and street entertainment, restaurants,
coffee shops and a new children’s play area.
About Dubai Festival City:
Comprising 15 distinct development zones, Dubai Festival City is a
property development by the Al-Futtaim Group and is the Middle East’s
largest mixed-use real estate project. The privately-funded property will
comprise a unique mix of entertainment, dining, shopping, edutainment,
sport and leisure facilities, automotive dealerships, hotels, a marina,
residential and office components. For sporting enthusiasts, an 18-hole
recreational golf course, designed by world-renowned golf course designer
Robert Trent Jones II LLC, and other world-class sporting facilities are
also being incorporated into the overall development.
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