Travelrave in Singapore

Travelrave scheduled to be conducted in Singapore from October 15-19, 2012 is where the industry professionals will meet, connect and share their insights.

TT BUREAU Over

the years, the Asian market has seen a boom in the travel and tourism industry. Some factors that can be attributed to the increased domestic and regional travel in Asia are the burgeoning middle class and higher disposable incomes in Asia.

According to STR Global, which tracks the supply and demand data for the hotel industry, there are about 410,000 hotel rooms in the pipeline for Asia-Pacific. Of these, China will account for 56 per cent.

Many investors are continuing to acquire assets in Asia, recording US$3.9 billion across Asia in September 2011, an increase of 50 per cent over September 2010.

“Our development focus is in Asia and we have, since 2009, opened and rebranded hotels, resorts and serviced suites in China, Indonesia, Thailand and Malaysia. This year, three more properties are opening for us in China and Singapore,” says Patrick Imbardelli, President and Chief Executive Officer, Pan Pacific Hotels Group.

Asia Pacific Tourism Destination Investment Conference (TDI Asia) is one of the events under TravelRave. The event will focus on Hotel Investments and Tourism Infrastructure Development across Asia and include an array of networking opportunities, business meetings, exhibition and thought-provoking conferences. “We are very excited about showcasing some of the region’s most talked about development projects and help match investors to suitable projects across Asia,” says Jens Cornelissen, Conference Director for TDI Asia. TravelRave showcases world-class business events for tourism leaders and professionals The Singapore Tourism Board (STB) is a leading economic development agency in tourism.