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SpeakersSEE ALL »
Associate Vice President Operations and Development Russia & CIS, IHG
Head of Development Russia, Ukraine, Georgia & CIS, AccorHotels
Co-Founding Partner, VIY Management LLP
Managing Director, Akfen REIT
President, DT-Global Business Consulting GmbH
Head of Hospitality Department, A.N.D. Corporation
Development Director - Russia & CIS, Hilton Worldwide
Managing Partner, Alliance Hotel Management
Chief Executive Officer, Osnova Group
Director of Business Development, STR
Vice President Development – Turkey, Russia and Eastern Europe, Hilton Worldwide
Partner, Head of European Hotel & Leisure Practice, Dentons
Chairman & CEO, Moroccan Agency for Tourism Development (SMIT)
Vice President Business Development Russia, CIS & Baltics, The Rezidor Hotel Group
Partner, Hospitality Industry Leader in the CIS, EY
Senior Director, Acquisitions & Development, Russia, CIS & Baltics, Starwood Hotels & Resorts Worldwide Inc.
Chairman, Bench Events, Board Director, STR
Independent Hotel Advisor
Hospitality and Leisure Partner, Berwin Leighton Paisner LLP
Managing Director, Horwath HTL Hungary & Russia
National Director, Head of Hotel & Hospitality Group Russia & CIS, JLL
Chief Executive Officer, Regional Hotel Chain LLC
16 Oct 2012
Positioning Your Investment for Growth - Conference Day 2
The second day of the Russia & CIS Hotel Investment Conference (RHIC), held at the Radisson Royal Hotel Moscow, has opened its sessions with a macro-economic overview of Russia and the CIS region from Chris Weafer, Chief Strategist at Sberbank Investment Research followed by Dr Daniel Thorniley, President of DT-Global Business Consulting. These economic experts discussed the changes that have taken place in the last 12 months, what Russia’s economic and political outlook is for the next two years, and where the region is placed versus the rest of the world. They also took a detailed look at how domestic factors are expected to evolve and what their longer term impact will be.
Dr Daniel Thorniley outlined that the economic and business outlook of Russia was very good indeed compared with most other developed and even emerging markets around the world. Thorniley stated “The business environment for most companies and investors globally is going to remain strained for 2-5 more years: banks are not functioning properly, too many governments are plunging into mis-guided austerity programs and consumers are not surprisingly under severe stress. Comparatively and relatively Russia is in much better shape and providing oil stays above $97 then GDP will continue at 3.8% to 4.5% with most other indicators in that ball-park”, he concluded that “Financing remains tough and interest high for hotel investors but there is some chance that if inflation starts to fall again in 2013, then inserts rates may just be a bit less painful.”
According to Chris Weafer, Chief Strategist at Sberbank Investment Research Russia has become something of a bipolar investment market. He commented “On one hand, there is the side of Russia that mandates a higher risk premium to that of its EM peers, providing a steady stream of negative international headlines and it is the portion of the stock market mainly perceived to be vulnerable to a global economic slowdown. And on the other hand, Russia is quietly going about its business, enjoying an expanding domestic economic base, a fast-growing consumer story and a stable economy.”
The session concluded with a hard hitting Q&A session where Thorniley and Weafer were joined by Michael O’Hare, Managing Director of Horwath HTL Hungary & Russia and Dmitry Tetiouchev, Partner, Hospitality Industry Leader in the CIS at Ernst & Young.
Macro-economic overviews presented by Chris Weafer at the RHIC 2012, and Daniel Thorniley’s latest paper are available at: http://files.mail.ru/PWQ8GR
The Russia & CIS Hotel Investment Conference is held on 15-17 October.
For full programme details, please visit www.russia-cisconference.com.
Press enquiries contact:
Katya Kotskaya, Tel: +7 (903) 7903995, Email: firstname.lastname@example.org
Nataliya Andreeva, Tel: +7 (906) 7083180, Email: email@example.com
Russia & CIS Hotel Investment Conference is organised by Bench Events and Questex Hospitality & Travel.
Confirmed Sponsors of RHIC
Founder Sponsor: Jones Lang LaSalle Hotels. Platinum Sponsors: Carlson Rezidor Hotel Group; Corinthia Hotels; Horwath HTL Hungary & Russia; Metropol Hotel Moscow and Ministry of Tourism of Brazil. Gold Sponsors: ACCOR; ACSP Airportcity Saint-Petersburg; AECOM; Argentina National Institute of Tourism Promotion; AZIMUT Hotels; Cushman & Wakefield; Deloitte; DLA Piper; Ernst & Young; Hilton Worldwide; HVS; InterContinental Hotels Group (IHG); Interstate Hotels & Resorts, Europe; Marriott International, Inc; Orient-Express Hotels; Quadriga, Salans; Schneider Electric; Starwood Hotels & Resorts Worldwide Inc.; WATG; and Wyndham Hotel Group.
About Bench Events
Bench Events has a long track record of delivering, with its partners, the premier hotel investment events in Europe, the Middle East and Africa. Bench Events Chairman Jonathan Worsley is one of the organisers and founders of the highly successful International Hotel Investment Forum now in its 16th year. In 2005, he was responsible for launching the Arabian Hotel Investment Conference in Dubai, and in 2008 launched the Russia & CIS Hotel Investment Conference. In 2011 Bench Events added two events to the portfolio, co-hosting the Turkey & Neighbours Hotel Investment Conference and launching the Africa Hotel Investment Forum. For more information, visit www.benchevents.com
About Questex Media Group LLC
Questex Hospitality + Travel delivers integrated products and intuitive solutions to drive demand as the largest multimedia organisation 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 hospitality division, Questex Hospitality + Travel will directly touch its audience through its breaking-news website, hospitalityworldnetwork.com; industry news coverage seen in Hotel Management and HA+D magazines; and valuable networking events including International Hotel Investment Forum (IHIF) Berlin, North America Hotel & Tourism Investment Conference, Asia Pacific Tourism Destination Investment Conference, North Asia Hotel Investment Conference, Russia & CIS Hotel Investment Conference, Turkey & Neighbors Hotel Investment Conference and Brazil Hospitality Investment Conference. For more information, visit www.Questex.com.