Hospitality Business 2017
Indonesian government will boost the hospitality industry by releasing newest investment regulations which make international investor more easy to plant their companies. The infrastructures is really prepared to support this rapid investment. Hence, Java and Bali is till the leading tourist destination among others, even the there is no enough space anymore. It is just the way the investors develop and upgrade the properties level or taken over by new businessmen with new innovations.
Hilton Hotels & Resorts today announced the opening of Hilton Bali Resort, which joins 130 distinguished resort properties across the Hilton portfolio located in some of the world’s most sought-after destinations. Designed for travelers seeking relaxation and rejuvenation, Hilton Bali Resort brings breathtaking views, extensive recreation facilities and magnificent event space to the Nusa Dua beach enclave on Bali’s southern peninsula.
Hilton Bali Resort is situated atop a 40-meter cliff in the prestigious Nusa Dua area of Bali’s southern peninsula. While offering direct access to one of the most picturesque beaches on the island, Hilton Bali Resort is also within 1.3 kilometers of the 18-hole Bali National Golf Course and various watersports centers, and 3.7 kilometers from the Bali Nusa Dua Convention Center. Ngurah Rai International Airport and the Kuta shopping district are also approximately 15 kilometers from the hotel via the Mandara toll road.
Banyan Tree and AccorHotels commits
Banyan Tree Holdings today announces that it has entered into a heads of agreement with AccorHotels. Under a long-term partnership, both parties intend to collaborate to develop and manage Banyan Tree branded hotels around the world. Banyan Tree will also have access to AccorHotels’ global reservations and sales network, as well as its loyalty programme Le Club AccorHotels.
AccorHotels will invest an initial SGD 24 million (c. €16 million) in Singapore-based Banyan Tree and both parties will then co-develop the brands owned by Banyan Tree around the world. This investment will be made through a mandatory convertible debenture that at conversion will give AccorHotels an approximately 5% stake in Banyan Tree. AccorHotels has an option to purchase an additional approximately 5% stake.
Ho Kwon Ping, Executive Chairman of Banyan Tree, said: “This agreement is not only transformational for Banyan Tree, but is also an innovation for the global hospitality industry. With the current consolidation of mega hotel companies, smaller but also global players – many family-controlled – are also seeking strategic alliances with the global giants. Our strategic alliance with AccorHotels allows us to remain an independent company, enabling us to continue securing hotel management agreements on our own and yet accelerating Banyan Tree’s speed and scope of expansion but with AccorHotels helping us to grow our brands around the world. We believe this agreement will propel our brands rapidly to global reach and range and strengthen our ability to embrace change and innovation in the hospitality industry with a strong global partner. We are excited and committed to this partnership.”