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SpeakersSEE ALL »
Partner, Head of European Hotel & Leisure Practice, Dentons
Chief Executive Officer, Regional Hotel Chain LLC
Partner, Hospitality Industry Leader in the CIS, EY
Director of Business Development, STR
National Director, Head of Hotel & Hospitality Group Russia & CIS, JLL
Chairman & CEO, Moroccan Agency for Tourism Development (SMIT)
Head of Hospitality Department, A.N.D. Corporation
Senior Director, Acquisitions & Development, Russia, CIS & Baltics, Starwood Hotels & Resorts Worldwide Inc.
Vice President Business Development Russia, CIS & Baltics, The Rezidor Hotel Group
Managing Partner, Alliance Hotel Management
Chief Executive Officer, Osnova Group
Vice President Development – Turkey, Russia and Eastern Europe, Hilton Worldwide
Co-Founding Partner, VIY Management LLP
Hospitality and Leisure Partner, Berwin Leighton Paisner LLP
President, DT-Global Business Consulting GmbH
Managing Director, Akfen REIT
Head of Development Russia, Ukraine, Georgia & CIS, AccorHotels
Associate Vice President Operations and Development Russia & CIS, IHG
Development Director - Russia & CIS, Hilton Worldwide
Managing Director, Horwath HTL Hungary & Russia
Independent Hotel Advisor
Chairman, Bench Events, Board Director, STR
17 Aug 2011
Learning From China in Russia......
Press release - for immediate release August 2011
Learning From China in Russia......
There has been a fundamental shift in the past decade in the way hotel companies operate. They have moved to an asset light model, focusing on branding and operations while selling off real estate. This model which separates operating companies from brand owners has been pioneered successfully for sometime by Interstate in Russia.
Interstate China has assumed management of its first properties in China in January and has embarked on an aggressive expansion plan using this model across the country, from Shanghai and Wuhan to Beijing. Chris van der Baars, Chief Operating Officer, Interstate China Hotels and Resorts commented “the third-party management model is popular with our owners as we focus on the their interests and we show flexibility in terms and conditions.”
China is already the world's second biggest economy and is poised to overtake the US in the number one slot during the early part of this century. This economic growth has created a huge new middle class that is going to shape the travel trends for the next generation.
Interstate was also selected recently to manage six hotels in Sochi, Russia, currently under development by NBB-Development, Moscow. The properties, which will aggregate 1,564 rooms are expected to open in the Autumn of 2013 in time for the 2014 Winter Olympics. Ken McLaren, executive vice president of international operations, said. "Russia has become the fifth biggest outbound market in the world. Russians, instead of spending money in Russia, tend to travel abroad. Part of the reason for Sochi is to attract Russians back to Russia."
Andrew Sangster Editor and publisher of Hotel Analyst will join Chris van der Baars Chief Operating Officer, Interstate (China) Hotels & Resorts on a panel entitled The Emerging Powerhouse of China at the Russia & CIS Hotel Investment Conference (RHIC), Moscow in October. They will look in detail at what lessons can be learned from Interstate’s latest strategy in emerging markets. How the Russian hotel industry can benefit from growth experienced in China, and what opportunities are there for Russian based businesses to enter the Chinese market.
Jonathan Worsley co-organiser of the RHIC conference said ‘we will also be taking a close look at finance within the industry at the moment with sessions entitled Bankers in the Hot Seat exploring what the lending criteria is and where they foresee opportunities arising; finding out how investment structures have shifted during the global financial crisis with the panel Catering to today’s new owners and investors; and looking at what finance is available and where with the session Structuring hotel projects and sourcing financing in Russia.
For full programme details visit www.russia-cisconference.com
Notes to Editors:
Press enquiries contact Grant Collier, +44(0)208 668 0218. firstname.lastname@example.org
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.