Press Releases

Singapore, May 18, 2009 (ABN Newswire) - The hospitality industry in Asia Pacific is projected to be more resistant to the effects of transaction decline across the globe and hospitality stakeholders are urged to reassess their strategic position, in order to maintain a competitive edge within the industry. This sense of urgency dictates that industry players increase contact with investors and capital owners to warrant an opportunistic position when capital flows are available in the market.

In such tough capital market, it is projected that Asia transaction volume will decline but nevertheless, due to its runway economic growth, Asia will continue attracting investors - deeming it an attractive platform for deals to be crafted. Hospitality stakeholders will now need to further differentiate themselves from competitors, create new business opportunities and re-establish relations with partners to prepare themselves for the rebound.

On the frontlines on this initiative is Asia Pacific's premier hospitality event - Invest, Develop, Build Asia Pacific 2009. Already in its second year running, IDB Asia Pacific 2009 provides an unparalleled platform for investors, financiers, hotel owners, hotel developers and hotel operators to meet and discover solutions to overcome challenges facing the industry.

"The hospitality sector is facing a new set of challenges amid the financial crisis. It's therefore even more important for us to grasp what's happening in the industry across the region," said David Faulkner, Regional Director, and Consultancy & Valuation from Colliers International. "We are delighted to be the Knowledge Partner of the IDB Asia Pacific 2009, which definitely is the event of the year in Singapore for the leading stakeholders in the hospitality sector, and an excellent platform of exchange, networking and business opportunities."

The inaugural IDB Asia Pacific 2008, held on the 29-31 October 2008 at ONE Degree 15 Marina Club in Singapore, attracted north of 250 global industry leaders from 16 different countries across the continents of North America, Europe, Asia and Australia, equating to a resounding success for both the delegates and the organiser. IDB Asia Pacific 2008 successfully garnered the endorsement from the regional government regulators of Cambodia, Hong Kong, Indonesia, Japan, Philippines, Russia, Singapore and Thailand.

Positioned as the most targeted networking extravaganza in the region, the conference features opportunities to engage investors, capital owners and key business partners in a highly dynamic and interactive setting. The three day event will be held from the 15 -17 July with the venue location to be announced shortly.

More information on The 2nd Annual IDB Asia Pacific 2009 can be obtained at:
http://www.investdevelopbuild.com

Contact

Ms. Julie Pui Marketing Manager 2nd Annual IDB Asia Pacific Tel: +65-6506-0951 Fax: +65-6749-7293 Email: julie.pui@alleventsgroup.com