March 23, 2010: HVS, the world’s leading hospitality consultancy firm, is set to stage yet another must-attend hotel investment conference for the industry with co-host Beijing International Studies University. The revised edition of the 6th annual event, the China Hotel Investment Conference (CHIC 2010), is scheduled to take place from 12-14 May 2010 in Shanghai at the InterContinental Shanghai Puxi, during the highly anticipated World Expo 2010.
With the travel and tourism direct industry GDP in China expected to achieve over 10% annual growth in the next decade, reaching approximately US$500 billion (absolute terms) in 2020, as forecast by the World Travel and Tourism Council, speakers and delegates at CHIC 2010 will explore investment and other business opportunities in the country as the world looks to China as a global powerhouse.
Further testament of similar positive market sentiments is voiced by the National Tourism Administration of the People’s Republic of China (CNTA) as it targets domestic visitation at approximately 2.15 billion and international visitor arrivals at 0.13 billion in 2010, an increase of about 13% and 5%, respectively, as compared to 2009. The CNTA expects that the tourism industry will generate about RMB 1.44 trillion in revenue in 2010. CHIC 2010 will be held at an opportune time to address industry needs.
High-profile speakers from industry movers and shakers who will be present at this high-powered conference include Zhang Jianzhong, Director of Policy and Regulation Department, China National Tourist Administration; Peter Meyer, Managing Director, Pacifica; Neil Galloway, Chief Financial Officer, The Hongkong & Shanghai Hotels Ltd.; Samuel Ng, Secretary General, Association of China Hotel Owners; Ning Qi Feng, Vice President, Wanda Group; Keven Chan, Deputy Vice President (Operations), Hotel Division, Sun Hung Kai; Tony Soh, Chief Corporate Officer, The Ascott Limited; Michael Issenberg, Chairman, Accor Asia Pacific; Larry Tchou, Managing Director, Asia Pacific, Hyatt Hotels & Resorts; Paul Foskey, Executive Vice President, Marriott International; Miguel Ko, Chairman and President, Asia Pacific, Starwood Hotels & Resorts Worldwide, Inc.; and Prof. Dai Bin, Vice President, China Tourism Academy, China National Tourism Administration, just to name a few.
Delegates at CHIC 2010 can look forward to exciting topics covering opportunities for portfolio investment and exit strategies; domestic hotels development in 1st, 2nd and 3rd tier cities; investment opportunities in and operating models of upscale, mid-tier or economy hotels; expansion for serviced apartment properties in provincial cities; and insights into best practices improving and sustaining hotel performance, just to name a few. On top of an all-encompassing conference program, delegates can maximize their time by participating in the exclusively designed tours to World Expo 2010 during their visit, as CHIC 2010 will coincide with this event.
Said David Ling, Managing Director of HVS Asia, “CHIC brings together greater experience for all stakeholders of the hospitality industry to network, exchange best practices and ideas, explore opportunities and foster collaborations. With strong support from the leaders of the hospitality industry, CHIC is the most influential hotel investment conference in China.”
CHIC 2010 is a pivotal hotel investment conference that will highlight the opportunities, challenges and rewards of the rapid growth of the tourism market in China. It will present sound strategies to harness these industry opportunities and offer participants techniques to stay on top of their businesses.
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About Beijing International Studies University
Founded in 1964, Beijing International Studies University is a key nationwide renowned university of higher education and has developed into a multi-disciplinary university incorporating the liberal arts, management, economics and law, with the specialties of foreign languages and tourism as its most distinguishing features. The university is now a leading player for the tourism and hospitality industry in China. Aware of the importance of international cooperation, Beijing International Studies University maintains exchange programs with more than 60 universities in Japan, the USA, Germany, France, Australia, Russia and Canada, among others.
HVS is the world’s leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. We are client driven, entrepreneurial, and dedicated to providing the best advice and services in a timely and cost-efficient manner. Through a worldwide network of 30 offices staffed by 400 seasoned industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com
HVS Global Hospitality Services, Shanghai
Phone: +86 21 5171 7001