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Independent Hotel Advisor
Chief Executive Officer, Regional Hotel Chain LLC
Senior Director, Acquisitions & Development, Russia, CIS & Baltics, Starwood Hotels & Resorts Worldwide Inc.
Vice President Development – Turkey, Russia and Eastern Europe, Hilton Worldwide
Head of Hospitality Department, A.N.D. Corporation
Chief Executive Officer, Osnova Group
Hospitality and Leisure Partner, Berwin Leighton Paisner LLP
Chairman, Bench Events, Board Director, STR
President, DT-Global Business Consulting GmbH
Vice President Business Development Russia, CIS & Baltics, The Rezidor Hotel Group
Managing Partner, Alliance Hotel Management
Co-Founding Partner, VIY Management LLP
Managing Director, Akfen REIT
Managing Director, Horwath HTL Hungary & Russia
Director of Business Development, STR
Head of Development Russia, Ukraine, Georgia & CIS, AccorHotels
National Director, Head of Hotel & Hospitality Group Russia & CIS, JLL
Partner, Head of European Hotel & Leisure Practice, Dentons
Chairman & CEO, Moroccan Agency for Tourism Development (SMIT)
Associate Vice President Operations and Development Russia & CIS, IHG
Development Director - Russia & CIS, Hilton Worldwide
Partner, Hospitality Industry Leader in the CIS, EY
26 Jul 2011
Confidence Returns to Russian Hotel Investment Market
Press Release – for immediate release July 2011
Confidence Returns to Russian Hotel Investment Market
Confidence is returning to the Russian markets although consumers opting for premium hotel brands are more demanding. At a meeting hosted by Ernst & Young, Dr Daniel Thorniley, President at DT Global Business Consulting reported ‘Looking at some of the larger consumer products, companies grew organic top-line sales in 2010 at about 8% to 10% and were budgeting for 12% to 14% this year.
Executives also recognized that Russian consumers who are coming back to premium or sub-premium brands are now much more demanding, challenging and sophisticated. They do value the brand, quality and lifestyle of Western products. However, there is a need to justify the value at every level. They want detailed explanations from sales and marketing why they should be buying an expensive Western brand.’ Thorniley said.
Thorniley, a specialist in the Russian and CIS markets is amongst the speakers of the forthcoming Russia and CIS Hotel Investment Conference (RHIC) in Moscow which will explore the economic trends for the future. The conference, taking place between 17-19 October, boasts some of the most respected names in the hotel investment industry.
Jonathan Worsley organiser of RHIC commented ‘the Russian and CIS markets are moving quite rapidly but with sporadic rather than consistent growth. The markets are underpinned by some solid economic foundations such as commodities and events such as the Winter Olympics in 2014 and the FIFA World Cup in 2018, both of which have kick started development within the hotel and construction sectors. One of the aims of the conference is to help understand the factors that can help ensure sustainability well beyond the sporting events as Russia holds great opportunity for the medium and longer term.’
Conference sessions will include a detailed look at Mega Events — ensuring ROI remains once the 2014 Winter Olympic Games or the 2018 FIFA World Cup are over; Understanding how these events can be used as a catalyst for sustainably developing tourism within a country and city. Where the key opportunities lie for hotel investors to benefit from mega events both in the short and long term. This session features David Jenkins, Head of Hospitality, Russia & CIS, Cushman & Wakefield In conversation with: Anton Chernov, Chief Executive Officer, VEB Capital; Sergei Gutnik, Senior Banker, Property &Tourism Team, EBRD; Arild Hovland, Senior Vice President Business Development, The Rezidor Hotel Group; Andrey Shirnin, Development Director, Top Project.
Other panels will cover Structuring hotel projects and sourcing financing in Russia; another session entitled The Leaders panel — where global leaders will discuss key opportunities in Russia & the CIS; and a comprehensive look at Understanding the ways in which the political climate and changes in Russia will impact on investors both local and foreign by Alexei Yazikov, Head of Research, LLC Aton.
Further information can be found on www.russia-cisconference.com
Notes to Editors:
Press enquiries contact Grant Collier, +44(0)208 668 0218. email@example.com
RHIC is organised by Bench Events and Questex Media.
Sponsors of RHIC
RHIC is sponsored by Jones Lang LaSalle Hotels; Carlson; Corinthia Hotels; Horwath HTL Russia & Hungary; The Rezidor Hotel Group; Accor; Avielen AG; Azimut Hotels; Best Western; Cushman & Wakefield; Deloitte; DLA Piper; Ernst & Young; Hilton Worldwide; HVS; Hyatt International; IHG; Interstate Management Services; Korston Hotels & Malls; Marriott International; Orient-Express Hotels; Salans; Starwood Hotels & Resorts Worldwide Inc; Venture Investments & Yield Management LLP; WATG and Woods Bagot.
Cornell University School of Hotel Administration, Ecole hôtelière de Lausanne, International Tourism Partnership, The World Travel and Tourism Council.
About Bench Events
Bench Events has a long track record in co-hosting the premier hotel investment events in Europe and the Middle East. Bench Events’ Chairman, Jonathan Worsley, is one of the organisers and founders of the highly successful International Hotel Investment Forum now in its fourteenth year (www.berlinconference.com). In 2005, he was responsible for launching the Arabian Hotel Investment Conference in Dubai (www.arabianconference.com); in 2008 launched the Russia & CIS Hotel Investment Conference (www.russia-cisconference.com). In 2011 Bench Events co-hosted the Central Asia and Turkey Hotel Investment Conference (www.cathic.com), and will launch Hotel Investment Conference Africa, in Morocco (www.africa-conference.com).
Bench Events’ sister company, JW Bench, is a benchmarking company that has successfully launched the Conference Bench and the Productivity Bench. An industry first, the Conference Bench, measures performance data for conference and banqueting space in 10 cities throughout Europe and the Middle East. www.benchevents.com
About Questex Media
The Travel + Hospitality Group (TravelandHospitalityGroup.com) – Questex Media
The Travel + Hospitality Group delivers integrated products and intuitive solutions to drive demand as the largest multimedia organization in the world dedicated to the travel and hospitality industries. It represents a collaborative collection of tactical services consisting of robust online solutions, events and industry-leading publications. Within The Travel Division, the Travel + Hospitality Group will reach audience members through a variety of digital, print and event services. These include up-to-the-minute online portals travelagentcentral.com, luxuryta.com; print publications Luxury Travel Advisor and Travel Agent; cutting-edge educational sites tauniv.com and luxurytravelu.com; live networking events Luxury Travel Expo, Caribbean Meeting and Incentive Travel Exchange, Incentive Travel Exchange, Europe Meeting & Incentive Travel Exchange and Hawaii Travel Exchange; and on the online luxury booking system fivestaralliance.com.