Singapore, 18 March 2015 - Sphere Conferences, the conference arm of Singapore Press Holdings Limited (SPH) today announced the launch of the inaugural Hospitality Investment Conference Indonesia 2015, to be held from 12 to 13 May 2015 in Jakarta, Indonesia. The event is endorsed by the Ministry of Tourism of the Republic of Indonesia.
· the Indonesian hotel investment outlook in 2015;· Indonesia’s hotel performance; · key destination highlights within Indonesia; · insights from Indonesia’s hospitality industry veterans;· the blossoming of niche tourism within IndonesiaIn 2014, Indonesia recorded 9.3 million international tourist arrivals and 251 million domestic tourist trips, clearly inching its way towards the ambitious target of 20 million international tourist arrivals and 275 domestic tourist trips set for 2019. With such commitment by the Ministry of Tourism of the Republic of Indonesia, the outlook is certainly optimistic for the hospitality sector in the archipelago.Indonesia-wide data from STR Global (YE 2014) saw an increasing IDR RevPAR of 4.3% due to 6.9% increases in ADR. In Bali, both occupancy and ADR were up YoY with a resultant RevPAR increase of 7.5%. Jakarta on the other hand, suffered a 6.5% fall in occupancy in 2014, with IDR ADR up 7.1% resulting in a marginal improvement in year end RevPAR. IDR currency fluctuations are wreaking havoc with USD RevPAR, down 7.2% YE 2014 across Indonesia. Mr Matt Gebbie, Director, Pacific Asia, Horwath HTL, said: “New supply is putting the squeeze on performance and coupled with a reduction in government MICE business belt tightening is de rigueur for hoteliers in the first quarter of 2015. The good news is the improvement in IDR ADR which has kept RevPAR solid.”
Catering to the rapid growth in Indonesia’s hospitality sector, the Hospitality Investment Conference Indonesia 2015 aims to bring in more than 250 attendees over 2 days. This conference provides a platform that convenes property developers, operators and owners of hospitality properties, as well as financiers and investors to discuss on the opportunities offered by the growing hospitality and tourism sector in Indonesia.
The key issues to be discussed at the conference include:
Ms Patricia Cheong, General Manager of Sphere Conferences, said: “We are glad to have this opportunity to work with the Ministry of Tourism of the Republic of Indonesia in organising this conference. With engaging panel discussions and successful case studies, Hospitality Investment Conference Indonesia 2015 will be the perfect platform for hospitality leaders to exchange ideas, collaborate and do business in one of Asia’s fastest growing markets.”
For more information about the event, visit http://hici.sphereconferences.com/
Issued by Singapore Press Holdings Ltd
Co. Registration. No. 198402868E
For more information, please contact:
Ms Zhu Jiahui
Tel: 6848 5378
Email: firstname.lastname@example.orgMs Vanni CheongAssistant ManagerCorporate Communications & CSR Singapore Press HoldingsDID: 6319 1553Email: email@example.comAbout Sphere Conferences
Sphere Conferences, a conference arm of Singapore Press Holdings, produces conferences that are of the highest quality bringing inspiration, innovation and value to customers. Sphere’s purpose is to empower customers with big and fresh ideas and lasting relationships that will enable them to excel in their chosen markets, by providing unique networking and learning platforms whereby they can learn, network and do business. For more information, please visit www.sphereconferences.com.About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms, ranging from print, digital, radio and out-of-home media. SPH owns award-winning newspapers, magazines and best-selling books in both print and digital editions, as well as online classified businesses in the region. In addition, SPH has two English radio stations and one Chinese radio station, an out-of-home digital advertising unit, a regional events and conferences arm, and runs a chain of modern retail convenience stores. SPH also has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.
SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall. SPH's latest retail development is The Seletar Mall located in Sengkang. For more information, please visit www.sph.com.sg