Is the Timing Right for Hotel Investment in Russia?
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Is the Timing Right for Hotel Investment in Russia?
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Category: Europe - Russia - Industry economy
- Trends / Expert's advice
This is a press release selected by our editorial committee and published online for free on 2008-09-12
The international hotel investment community can explore the answer with industry leaders at the upcoming Russia & CIS Hotel Investment Conference (RHIC) to be held at the Ritz-Carlton in Moscow on 21-22 October 2008.
\"The key to investing successfully in emerging markets is firstly timing, closely followed by evaluation of risk and reward,\" said Mark Wynne-Smith, Chief Executive Officer, Europe, Middle East and Africa of Jones Lang LaSalle Hotels. \"The hotel investment opportunities presented by the BRIC countries are numerous.\"
Mark Wynne-Smith moderates the RHIC conference session titled \"What is the View from Industry Leaders on Developing Russia & CIS Compared to Other Destinations.\" Session panelists include Ed Fuller, President and Managing Director of Marriott International Lodging; Steve Goldman, President Global Real Estate & Development of Hilton Hotels Corporation; Kurt Ritter, President & CEO of The Rezidor Hotel Group, together with one of the new generation of hotel investors Erkan Erkek, CEO of Capital Partners. This prestigious group of industry professionals will explore such questions as:
1. How does Russia\'s investment case for hotel brands, operators and investors compare to its major competitors in China, India and Brazil?
2. Is Russia more risky than these three? Is the potential reward greater?
3. Does the income of growth potential outweigh the attractions of other
mature markets which may have a lower cost of entry as the credit
crunch continues to stifle activity in the US and part of Western
Europe?
The Russia & CIS Hotel Investment Conference (RHIC) programme is led by a powerful line-up of more than 60 speakers including HRH Prince Michael of Kent, who is Conference Patron and the Mayor of Moscow, Yuri Mikhailovich Luzhkov who will receive the Leadership Award. To access a full list of participating speakers and review the conference programme in detail, please visit: www.russia-cisconference.com/programme\"The hotel market in Russia and the CIS is in its infancy and RHIC offers a fabulous opportunity for senior executives from the hospitality industry to explore the development potential in the region, meet investment partners, and uncover new business opportunities,\" said Jonathan Worsley, RHIC conference co-organiser. \"With the government\'s plans for infrastructure spending, Russia and the CIS countries represent one of the biggest investment opportunities globally in the hospitality industry.\"
The Russia & CIS Hotel Investment Conference will run from 21-22 October 2008 at the Ritz-Carlton, Moscow, and is jointly organised by The Bench and Questex Media Group, Inc.
Sponsors and supporters:
Platinum Sponsors confirmed to date include:
Jones Lang LaSalle Hotels (Founder Sponsor); Horwath HTL Hungary & Russia; Hilton Hotels; The Rezidor Hotel Group
Gold Sponsors:
Accor Hospitality; AZIMUT Hotels Company; Christie + Co; CMS; Corinthia Hotels; DTZ Hospitality Group; Hotel Baltschug Kempinski Moscow; HVS; InterContinental Hotels Group; Interstate Management Services; King Sturge; Korston Group; Salans; Starwood Hotels & Resorts Worldwide, Inc; UMACO; Warimpex AG; WATG and Wyndham Hotel Group International
Media Sponsors:
Arch Journal, Destinations of the World News, Breaking Travel News, Design & Interior Russia, GlobalHotelNetwork.com, Hotel Analyst, Hotel & Motel Management, Hotel & Restaurant Russia, Hotel Design, Luxury Hotelier, SNIP, The Hotel Times, The Moscow Times, Tourism ROI and TTG Russia.
Supporters:
Ecole hoteliere de Lausanne, International Hotel & Restaurant Association; International Tourism Partnership, NativeEnergy, Troy Group and World Travel & Tourism Council.
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