Is the Hotel Industry Finally 'Set To Boom'?

Is the Hotel Industry Finally 'Set To Boom'?

Thursday, 20 April 2006, 3:23 pm

Press Release: Hotel Investment Conference
20 April 2006

Is the Hotel Industry Finally 'Set To Boom'?

Most industry analysts consider that Australia, New Zealand & the Pacific's hotel and resort markets are facing the most promising trading outlook in the past twenty years. Buoyant economic conditions, record visitor arrival numbers and growing demand from burgeoning markets such as China, all point to potentially strong growth in revenues and profits in the near term.

But are investors and operators really about to experience a long awaited industry boom, or will events conspire like on so many past occasions, to cause the reality to fall short of expectations? With surging investor confidence resulting in record prices being paid for hotels, the answer to this question is crucial to both current and prospective hotel owners, as well as to hotel management companies whose task is to deliver on the emerging opportunities.

To address this and other key industry issues, leading hotel and resort owners, operators and other stakeholders from all sectors of the industry will meet at the Hilton Sydney on 21 & 22 June 2006 for the Australia, New Zealand & Pacific Hotel Investment Conference (ANZPHIC 2006). The Conference (in its 6th year) will again be jointly hosted by real estate advisers Sonnenblick Goldman, hotel consultants Horwath Asia Pacific and lawyers Blake Dawson Waldron.

Over 400 delegates are expected to attend the Conference, which is a sell-out annual event. ANZPHIC 2006 will receive the largest ever industry support, with 18 major sponsors - including 10 of the region's leading hotel investors and operators and 8 leading service providers - as well as every major industry body in the region, all providing support.

"All the great names are on board and everything points to ANZPHIC 2006 being a pivotal event at a key moment in time for this industry" Conference chair, Mr John Smith, Managing Director of Sonnenblick Goldman declared.

Industry experts from within and outside the region will provide in-depth insight into issues including:

- The Improving State of the Markets - Momentum or Momentary?

- Whether Hotels Are Still a Buy - Or Even A Hold?

- Is It Time To Look Offshore and If So, Where?

- How Will Looming New Airline Capacity Impact The Hotel Industry?

- The Supply Pipeline - How Much, How Fast, Should The Industry Be Worried?

- Fiji. The New Bali?

- New Zealand Key Markets Update - Where Are The Best Opportunities?

- The Luxury New Brands Coming Into The Market

- Condo Hotels & Management Rights - Where To From Here?

- Asset Management - Add Value or Nuisance Value?

- From Hotel To What? Adaptive Use Trends For Brands & Hotels

- Hotel Transactions Insight: The InterContinental Australia Portfolio Deal

- Franchising Is Back - What's The Deal?

Two events sure to create added interest amongst delegates and the industry at large, will be the announcing of the annual Hotel Investor of the Year Award, and the announcing of the inaugural 2006 MAXXotel Awards, that will honour the region's best performing hotels, resorts & serviced apartments.

Commenting on the MAXXotel Awards, Mr Vasso Zographou, Managing Director of Horwath Asia Pacific noted "to the best of our knowledge these are the first hotel awards in the world to be decided solely on the basis of operating performance. For investors, performance is ultimately what it's all about and great performing hotels only succeed because of great products and great management - it will be a pleasure to reward the people who made these outstanding properties the successes they are"

Mr Smith added "With 50 speakers and panellists, covering 15 topics in 12 hours of sessions and presentations, ANZPHIC 2006 promises to provide delegates with fast paced, key information on what is really going on at the money end of this business".

ENDS

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