Featured in this Asia Pacific Hospitality Newsletter - Week Ending 9 June 2006
Recruitment For HVS International
The Maldives Tourism Body Reveals Names of Islands For Second Round of Bids
Boost For Western Australia Tourism
The Victorian Government Has Learnt From The Mistake of New South Wales
Sands Promises Huge Benefits For Singapore
Fairmont Aand Raffles Brands Latest Additions to The Cotai Strip
Westin First Hotel Chain to Go Smoke Free in Australia & Fiji
Absolute Share Price Performance, as at 9 June 2006

Recruitment For HVS International Return to Headlines

HVS International is the world's leading hotel consulting, valuation and investment services firm. As part of its growth strategy for Asia, HVS International is seeking suitable candidates to head up / support its practice in the following countries:

  • Japan
  • South Korea
  • Hong Kong SAR / China
  • Singapore

Positions available: Vice President / Director / Manager / Associates.

If you fulfill the following criteria and would like to be considered for a career with HVS International, please send your resume and cover letter in confidence to David Ling at dling@hvs.com

  • Working experience, preferably with a consulting firm (hotel, real estate consulting, valuation, investment banking, accountancy, etc);
  • Good command of written and spoken English and preferably one local language;
  • Holds a relevant University Degree;
  • Highly motivated leader and team player; and
  • Desire to travel.

The Maldives Tourism Body Reveals Names of Islands For Second Round of Bids Return to Headlines

The Maldivian Ministry of Tourism and Civil Aviation has announced the names of 10 islands for the second round of resort bids for which invitations are now open. As in the first round, it includes five islands for "lease-rent controlled" bid and five islands for "lease-rent open" bid. This bidding is the second round of the Government's plans to release 35 new islands for tourist resort development. It is based on the need to meet projected bed-capacity needs and increasing tourism demand in the Maldives. The 35 islands consist of 20 islands to be placed on bid and 15 islands to be awarded to a proposed public company for tourism development. The total combined bed-capacity of the 35 islands, including the islands awarded for resort development in 2005, is expected to add 7,000 new beds over the next five years.

Boost For Western Australia Tourism Return to Headlines

Almost US$748 million worth of new tourism accommodation projects are in the planning or under construction in Western Australia (WA). WA Tourism Minister, Sheila McHale, said if all the projects materialize, more than 5,655 rooms would be added to the State's visitor accommodation. There are US$200 million worth of projects currently under construction across the State, which is a 28% increase on the same time a year ago. Tourism WA continuously monitors the level of private sector tourism development activity and Ms. McHale said the rise in developments was a good indicator of strong growth. Among the projects going ahead are the US$1.9 million Savannah Campground Development in the Karijini National Park, the US$9 million four-star Exmouth Marina Novotel Ningaloo in the Coral Coast Region and the Medina Executive Barrack Plaza in the Perth Metropolitan Area.

The Victorian Government Has Learnt From The Mistake of New South Wales Return to Headlines

Victoria has learned from the mistake of New South Wales (NSW) by hiking its tourism budget in a bid to attract more visitors to the state. According to the Tourism and Transport Forum's (TTF) managing director, Christopher Brown, NSW has suffered a dip in tourism since cutting its budget. It was now up to other states to follow Victoria's lead, take tourism seriously and invest more heavily in infrastructure, he said. Brown’s appeal came after Victoria's minister for tourism and major events announced tourism chiefs would receive US$54.4 million over the next four years – an increase of US$39.1 million. The Victorian Government has learnt from the mistake of NSW, which cut its budget following the Olympics, and will continue to invest heavily in tourism following the Commonwealth Games.

Sands Promises Huge Benefits For Singapore Return to Headlines
Having won the bid for the Marina Bay integrated resort (IR), Las Vegas Sands is promising to bring in big benefits for Singapore by way of an injection of capital and jobs. Sands said at a news briefing that it will bring in fresh external capital to fund the mega project, which is slated to open its doors to tourists in 2009. Sands president, William Weidner, also told reporters that the US-based gaming group hopes to break even on its investment in 5 to 8 years from opening. The Singapore Tourism Board (STB) has said the Marina IR, now named The Marina Bay Sands, is expected to add US$1.7 billion, or about 0.8 per cent, to the island's GDP by 2015, as well as generate 30,000 jobs. According to the company, construction of the project will start this year and aims to be completed by 2009.

Fairmont Aand Raffles Brands Latest Additions to The Cotai Strip Return to Headlines
Las Vegas Sands Corp. and Fairmont Raffles Holdings International today announced the addition of 1,500 rooms to the Cotai Strip currently being developed by Las Vegas Sands in the People's Republic of China Special Administrative Region of Macao. The parties have entered into a non-binding term sheet and expect to enter into definitive binding agreements before the end of the third quarter of 2006. The deal outlines plans for Las Vegas Sands to develop and own a resort complex slated to feature 1,500 rooms that will be managed by Fairmont Hotels & Resorts and Raffles Hotels & Resorts, two of the luxury brands owned by Kingdom Hotels International and Colony Capital. Additionally, approximately 300,000 square-feet of the project will be allotted for a Raffles branded, residential product. The new property will be the thirteenth Asian property of Fairmont Raffles Holdings International, which also includes the Swissôtel brand.

Westin First Hotel Chain to Go Smoke Free in Australia & Fiji Return to Headlines
Beginning end of July, the Westin Sydney, Westin Melbourne and the Westin Denarau Island Resort & Spa Fiji will be totally smoke free and join Westin's North America hotels that introduced a smoke-free policy this past January. The hotels have made a 12 month jump start on non-smoking legislation that will be introduced to Australia in July 2007, and will exceed the requirements by abolishing "smoking rooms". The three properties will be smoke free in public areas as well as in all guest rooms. Outdoor smoking areas will be designated for guests who smoke. Westin's new industry leading smoke-free policy is a result of customer data and a clear demand from guests. Introduction of the smoke free policy six months ago across all 77 Westin properties in North America has received positive feedback from guests, staff and industry.

Absolute Share Price Performance, as at 9 June 2006
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