Singapore, 16 May 2016 – Sphere Conferences, the conference arm of Singapore Press Holdings Limited (SPH), today announced the launch of the inaugural Hospitality Investment Conference Vietnam (HICV), which will be held from 12 to 13 July at The Reverie Saigon, Vietnam.The recent statistics by STR showed that Vietnam recorded a 5.6% increase in occupancy to 68.7%. There was a 4.5% rise in Average Daily Rate (ADR) to USD130 and Revenue Per Available Room (RevPAR) grew by 10.3% to USD89. According to the Vietnam National Administration of Tourism, the country also saw a 13.5% year-on-year increase in arrivals from Russia during the quarter. STR analysts note that the country is viewed as a more secure destination compared to other traditional destinations for Russians. The Vietnamese government has eased visa policies and recorded the highest ADR to date. Key industry players at the event include Alcatel-Lucent Enterprise, Baker & McKenzie (Vietnam), C9 Hotelworks, Centara Hotels & Resorts, Delivering Asia Communications, EXO Travel Vietnam, Grant Thornton (Vietnam), Hilton Worldwide, Ho Tram Grand, IMF Golf Course Management, Jones Lang LaSalle, Lanson Place Hospitality, Moevenpick Hotels & Resorts, Plateno Group, QUO, STR, Tung Shing Group, Vina Caital, Wyndham Hotel Group, YWS Design and many more.The discussion topics at the two-day Conference include the Vietnam investment climate and development outlook; hotel branding and designing in a market of timeless charm; contract negotiation; operator selection; presenting hospitality to the millennials; the gaming sector; new destinations; golf courses and hospitality complexes. Mr Ken Atkinson, Executive Chairman of Grant Thornton (Vietnam), said: “Vietnam is growing at an increasing pace and the hotel sector is in need of an event which facilitates meaningful discussions among hotel owners, operators, developers and investors on the investment opportunities available. Sphere Conferences has established its hospitality series in the region as credible platforms to do that.”Ms Patricia Cheong, General Manager of Sphere Conferences, said: “The events that we have launched in the hospitality sector have garnered encouraging results. The first two conferences of our Hospitality Investment series in 2016 concluded successfully in Manila and Jakarta earlier this year. We will continue to build on the success and develop the subsequent conferences in Ho Chi Minh City, Yangon and Colombo to become the mainstay events in their respective markets.”For more information about the Hospitality Investment Conference Vietnam 2016, visit http://www.hicv.sphereconferences.com/. For more information about the Hospitality Investment series, visit http://www.sphereconferences.com.
Issued by Singapore Press Holdings Ltd
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For more information, please contact:Ms Theodora SohAssistant Marketing ManagerSphere ConferencesDID: +65 6848 5378Email: Theodora@sphereconferences.comMs Vanni CheongAssistant ManagerCorporate Communications & CSRSingapore Press HoldingsDID: +65 6319 1553Email: firstname.lastname@example.orgAbout 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