Featured in this Asia Pacific Hospitality Newsletter - Week Ending 3 February 2006
HVS International Recruiting Hotel Consultants for Asia
CHIS 2006 'Winning Strategies For Hotel Investment In China'
2nd Hotel Investment Conference - South Asia (HICSA 2006)
Reed in US$376M Ramada Hotels Deal
Indian Hotels Company Limited Launches Blue, Woolloomooloo Bay
Ibis Launches New Era For Thai Tourism
Singapore Exceeds 2005 Targets With 8.94 Million Visitor Arrivals
Absolute Share Price Performance, as at 3 February 2006


HVS International Recruiting Hotel Consultants for Asia Return to Headlines

HVS International is a leading international hotel consulting, valuation and investment services firm with 23 offices worldwide. As part of its growth strategy for Asia, HVS International is actively recruiting qualified professionals for its hotel and resort projects in North Asia (China, Japan and South Korea) and Southeast Asia (Thailand, Singapore and Hong Kong SAR).

If you fulfil the following criteria and would like to be considered, please send your resume and covering letter in confidence to David Ling at dling@hvs.com

  • Good first degree in hotel, real estate or finance discipline;
  • Minimum 2 years working experience, preferably with a consulting firm;
  • Excellent writing and communication skills;
  • Ability to perform financial calculations; and
  • Desire to travel.

CHIS 2006 'Winning Strategies For Hotel Investment In China' Return to Headlines

China Hotel Investment Summit opens doors to both gateway and secondary cities of one of the fastest growing economies in the 21st century to investors, developers, owners, hotel and serviced apartment operators, governments, financial institutions and other industry specialists who have a stake in the country.

Co-hosted by the largest global hospitality consulting firm - HVS International, together with the leading institution for hospitality education in China - Beijing International Studies University, CHIS 2006 promises a whole new experience for hotel investment in China. We will meet the CHIS 2006 'China Hotelier of the Year' as well as the recipient of the 'Hospitality Excellence Award'.

More details are available at our summit portal at www.chisummit.com. For more information, kindly email: chis@chisummit.com.
CHIS 2006 'WINNING STRATEGIES FOR HOTEL INVESTMENT IN CHINA'
Date: 26 - 28 April 2006
Venue: Grand Hyatt Shanghai


2nd Hotel Investment Conference - South Asia (HICSA 2006) Return to Headlines

Hospitality sector in South Asia has shown robust performance in the past two years resulting in huge growth in the form of enhanced investment and development opportunities. Addressing the needs arising out of high interest levels in South Asia, HICSA 2006 aims to bring all the stakeholders of the hospitality industry together.

More details are available at our conference portal at www.hvs.com/HICSA/. For more information, kindly email: hicsa@hvs.com.
Date: 5 - 6 April 2006
Venue: Taj Lands End Mumbai


Reed in US$376M Ramada Hotels Deal Return to Headlines

Sunshine Coast-based Reed Property Group has teamed up with the Ramada Group for a US$376 million launch of hotels in Queensland. Reed has struck a deal with the American hospitality giant the Cendant Group to build and operate at least 11 Ramada branded hotels in the state. A first hotel - the four star Ramada Pelican Waters, with 116 rooms, -has already been built. Ten more hotels are planned over the next five years. Work will commence in 2006 on a 120 room Ramada Encore in Townsville, a 125 room Ramada resort in Harvey Bay, and a five star 200 room Ramada Plaza at Maroochydore. They will be built on existing hotel sites managed by Reed Hospitality and owned by Reed Property Group. Hotels in Cairns, Mackay and the Whitsunday's are also on the drawing board.


Indian Hotels Company Limited Launches Blue, Woolloomooloo Bay Return to Headlines

The Indian Hotels Company Limited (IHCL), which owns and operates Taj Hotels Resorts and Palaces, officially opened and launched its newest acquisition BLUE, Woolloomooloo Bay, Sydney. The 100-room, five-year old hotel, located on The Finger Wharf at Woolloomooloo Bay, was formerly known as the W Sydney. The hotel is among the top hotels in Sydney and is Taj Hotels Resorts and Palaces' first foray into Australia. The acquisition price for the BLUE Woolloomooloo Bay, Sydney hotel was approximately USD $27.1 million. This acquisition strengthens the Indian hotel group's strategic intent of becoming a global brand. In July 2005, the group assumed management rights of the legendary Pierre hotel in New York.


Ibis Launches New Era For Thai Tourism Return to Headlines
Accor has launched its Ibis economy hotel brand in Thailand with two new hotels - Ibis Siam Bangkok and Ibis Huamark Bangkok - offering the city’s most competitive rates for internationally branded hotels. The entry of Ibis to Thailand is part of Accor’s expansion of its Ibis economy hotel brand in the Asia Pacific region. Ibis has made a major impact in countries such as China, Korea, Indonesia and Australia and will make its debut later this year in India. There are currently 715 Ibis hotels globally throughout the world. The 180-room Ibis Siam Bangkok is in Bangkok’s Pratunam shopping area within walking distance to Suansantipab Park and Victory Monument BTS Skytrain station. Ibis Huamark Bangkok features 269 rooms and is next to one of Bangkok’s largest shopping malls, the Ramkamheng University and the Huamark Stadium.

Singapore Exceeds 2005 Targets With 8.94 Million Visitor Arrivals Return to Headlines
The tourism sector in Singapore generated an estimated US$6.6 billion in tourism receipts in 2005, exceeding the target of US$6.2 billion and posting a growth of 10% over 2004. Singapore also set a new high of 8.94 million visitor arrivals in 2005, exceeding its target of 8.9 million and posting an increase of 7% over 2004. Visitors from Asia (6.5 million) continue to be an important source market for Singapore, contributing to over 73% of total arrivals. A new MICE (Meetings, Incentives, Conventions, Exhibitions) marketing campaign is also slated to be launched during the first quarter of 2006, while Singapore gears up to host the 2006 Annual Meetings of the Board of Governors of the International Monetary Fund and World Bank Group in September. The STB also expects to launch the Request For Proposals for the Integrated Resort (IR) at Sentosa by first quarter of 2006 and award the Marina Bay IR by middle of the year.

Absolute Share Price Performance, as at 3 February 2006
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