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HICAP Update, Hotelier Indonesia Magazine, April 2013
 

HICAP Update, Hotelier Indonesia Magazine, April 2013

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HICAP Update 2013 summary

HICAP Update 2013 summary
Hotelier Indonesia Magazine
April 2013
www.hotelier-indonesia.com

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    HICAP Update, Hotelier Indonesia Magazine, April 2013 HICAP Update, Hotelier Indonesia Magazine, April 2013 Document Transcript

    • HOTELIEREDITION 11TH, 2013 www.hotelier-indonesia.com INDONESIA 10th Edition, 2013PANORAMA GROUP AND CARLSON REZIDOR RIOBILL HEALEY INTERVIEWHICAP UPDATE 2013 KONDO THE INTERVIEWIndonesia HotelsInvestment World 2013 Phuket Market ReportIndonesia Hotel Investment Trend THE TOP 10 ‘FRESH’ ASIANPHILLIPS support GREEN HOTEL DESTINATIONS FOR 2013 HOTELIER INDONESIA HOTELIER INDONESIA JOBS | EVENTS | HOSPITALITY NEWS | MAGAZINE www.hotelier-indonesia.com
    • HOT CoverHICAPHotel InvestmentConference Asia PacificUpdate 201314 • HOTELIER INDONESIA | APRIL 2013 www.hotelier-indonesia.com
    • HOT Coverwww.hotelier-indonesia.com HOTELIER INDONESIA | APRIL 2013 • 15
    • HOT Cover This year’s conference for instance how to get their money in and out of the country. was held at Singapore’s Some have cautioned that it may be too early for investors to Pan Pacific Hotel on enter the market as there were still issues like telecommunica- 12-13 March, and was tions and infrastructure that have yet to be ironed out. literally a “who’s who” of the SE Asian hotel indus- Focus on the Philippines: try. Like prior HICAP Following China, the Philippines has the largest pipeline of sessions, it brought out luxury and upper upscale rooms in Asia-Pacific, but panelists the industry’s A-List mention what is needed is more branded accommodation that executives which pro- cater to a growing domestic market. The country had about 35 vided both an outstand- million domestic travellers looking for affordable accommoda- ing seminar series and tion, with the figure growing by eight per cent every year and great networking oppor- expected to hit 56 million by 2016. tunities. Roughly 50 per cent of the Philippines’ pipeline is in luxury and A few of the highlights upper upscale, 30 per cent in upscale, 15 per cent in midscale included: and the rest in economy. This contrasts with other ASEAN coun- tries whose planned growth of upscale and midscale rooms are The focus on Indonesia as high as 70 per cent. The economy segment has the smallest The capital region of pipeline in the region.Jakarta continues to grow and warrants further investment, asdoes Lombok and a few other regions within Indonesia. In total,sixteen destinations were highlighted for development, which The Fall of Hotel transactions in Asia:also have a need for accommodation. The Indonesian govern- A surprising statistic provided at HICAP was that hotel transac-ment had designated Bali, West Nusa Tenggara and East Nusa tions volume in Asia in 2012 was roughly half of 2011’s, drop-Tenggara as tourism gateways as part of a 2011-2025 master ping from US$3.7 billion to US$1.9 billion. The main drops wereplan. attributed to Singapore and China, with possible reasons being the “cost of real estate and high pricing that needs to be paid” toThough Bali has been a very hot market in recent years, there enter these markets.was some consensus that the Bali hotel market has been satu-rated. The Indonesian tourism authority had pointed hotel Asia remains a small market for hotel transactions volumeinvestors and operators beyond Bali, in tandem with the gov- compared to other regions. In comparison, hotel transactionsernment’s drive to improve infrastructure and facilities in these volume in the Americas grew seven per cent from US$16.3 bil-destinations. lion to US$17.5 billion, and Australia expanded eight per cent from US$1.3 billion to US$1.4 billion. Europe, the Middle EastFocus on Thailand: and Africa registered an eight per cent decline from US$11.9With internationally respected levels of service and a hospitality billion to US$11 billion.structure to match, Bangkok is able to push up APRs with theproper strategies. With Average Room Rates around the US$ Its always a pleasure to attend HICAP conferences, as the90 rate, there is room to push upward, nearer to Hong Kong and information shared is typically form the well-connected, well-Singapore where ARRs are around US$ 240USD. More room for informed A-List hoteliers. Hotelier Indonesia wishes to thankgrowth in Bangkok is expected. HICAP for the continued affiliation.Panelists mention that statistics demonstrate the tourist num-bers for Phuket are well in excess of the numbers in Bali. Thatinfrastructure is being improved, but to date will always natu-rally lag behind the tourism demands and growth. Mass tourismwill continue to influence hotels managed; average room ratesuppression. There is room for more high-end internationalproperties in Phuket. Hotel transactions volume inFocus on Myanmar: Asia in 2012 was roughly half ofMyanmar has been going through a remarkable journey of 2011’s, dropping from US$3.7Change and Reforms with the leadership of President U TheinSein. 2012 has been such a remarkable year for Myanmar, with billion to US$1.9 billion. Thethe a significant surge in interest. Regional experts have warnedhowever, that those keen to invest should do so with their eyes main drops were attributed towide open. Hoteliers would be wise to go in with “patience and Singapore and Chinaeducation”.There are a lot of people anxious to get into the Myanmar mar-ket now, and they should know that it is still a challenge inside. Hotelier Indonesia is a proud media partner of HICAP (Hotel Investment ConferenceMany owners will run into problems if they do not understand Asia Pacific) Update, a two-day hotel investment event featuring a prestigious lineupwhat their investment really means, of speakers focusing on current issues facing the industry.****16 • HOTELIER INDONESIA | APRIL 2013 www.hotelier-indonesia.com
    • HOT Coverwww.hotelier-indonesia.com HOTELIER INDONESIA | APRIL 2013 • 17