Despite current economic and political concerns, the International Hotel
Investment Forum (IHIF) is experiencing unprecedented demand, with a record attendance of 1,000 delegates anticipated at this year's event. The
IHIF will be held 11-13 March at the Hotel InterContinental in Berlin, Germany.
According to Jonathan Worsley, co-organiser of the conference: "With less
than three weeks to go until the Forum begins, we are seeing no let-up in the
demand for tickets, despite the political turmoil the world is facing at the
moment."
One of the industry's icons, Bill Marriott Jr, will be Conference Chair and
provide a keynote presentation. Marriott is credited with building Marriott
Hotels into the global powerhouse leader it is today. A dynamic list of
speakers is planned, including CNN's lead business correspondent, Becky Anderson, who will moderate a panel of chief executives from five
international hotel giants.
Issues discussed at the IHIF will include: the impact of war on the hospitality
business; how the industry will cope in this age of terrorism and weapons of mass destruction; who will be the winners during this downturn
in the market and what products will survive and thrive; what is the impact of
hotel brands and their pricing strategies with the growing influence of
intermediators such as travel websites; and will these technology
giants be the brands of the future? Martha Lane Fox, Co-founder of Lastminute.com and one of the survivors of the dot-com bubble, will be
making a welcome return to the IHIF after reporting positive earnings last
week.
There will be a number of investment and deal panels reviewing those
countries and sectors most attractive for investment and discussing the
scope for further sale and leasebacks in the industry. Derek Gammage, Managing Director of Insignia Hotels, will be addressing such issues, asking
his panel: "Has the sale and leaseback model been a success story and what is the appetite for additional institutional investment in the sector
despite weak earnings?" Paul Slattery, Director of Otus & Co, will be
moderating a group of Chief Financial Officers from the hotel industry and
will ask his panel: "What alternative strategies will public hotel
companies pursue to create shareholder value?"
Jim Burba, one of the organisers of the IHIF will moderate a panel
discussing issues such as Why are the penetration rates so much lower in
Europe than in other parts of the world and will timeshare become an integral part of hotel developments in the future?"
For the first time, the IHIF will include a gaming panel, and according to Mark
Harms of CIBC World Markets: "There is significant investor interest in the
gaming sector. Recent notable transactions include the sale of Gala
Group Plc for a reported price of 1.2 billion to a consortium of private equity funds.
These investors believe that this sector has tremendous growth potential,
particularly with gaming reform in the UK. John Kelly, CEO of Gala, is one of
the panellists."
Anita
Roddick, Founder of Bodyshop, will end the conference with a keynote address on how she competed in a "man's world" and created one
of the most outstanding retail successes in the last two decades. She will
also address business ethics and empowering staff to encourage commitment and loyalty. |