IFC all set to invest $300m in Indonesia’s tourism-related firms

Travel and Tour World | May 22, 2019

The International Finance Corporation or IFC, a member of the World Bank Group, will invest up to $300 million in companies associated with tourism-related sectors in Indonesia, a top executive informed DEALSTREETASIA on Wednesday. The figure is fixed for the fiscal year July 2019-June 2020. “We targets to have $300 million for our pipeline, which we want to invest in the companies. We cannot disclose the name of the companies yet, but they mostly operate to develop a tourism business in Indonesia,” IFC country manager for Indonesia, Malaysia, and Timor Leste Azzam Khan said. Also, IFC has agreed a $10-million loan package for Aqua Expeditions, Singapore-headquartered boutique river Cruise Company for its Indonesia extension.

Spotlight

We know that hospitality is constantly changing, and what you need today, may not be what you need tomorrow or even an hour from now.


Other News
HOSPITALITY TRENDS

Curator Hotel & Resort Collection Welcomes Six New Members, Offering Discerning Travelers Unique Experiences Across the U.S

Curator Hotel & Resort Collection | February 01, 2022

Curator Hotel & Resort Collection ("Curator") is kicking off the New Year by welcoming six new members to its growing portfolio of independent hotels and resorts. Spanning California, Vermont, Colorado, and Hawaii, these destinations offer unique experiences with nature as a backdrop, allowing guests to align mind, body, and spirit. "We are thrilled to jumpstart the New Year by welcoming these members to our growing portfolio of more than 85 hotels and resorts, The addition of these hotels, along with our first dining experience member, the Napa Valley Wine Train, is a testament to our offerings. We are proud to have these members in our collection as they all provide travelers with experiences that are shaping the new age of travel." -said Jennifer Barnwell, President of Curator Hotel & Resort Collection Curator is following up an immensely successful year by representing more than hotels and resorts. With the addition of the Napa Valley Wine Train, the collection creates a space for all independents in the hospitality industry who have distinct and unique offerings that travelers crave. "As a founding member of Curator with eighteen properties in the collection, we have experienced firsthand the incredible value and many benefits that it provides for independents,We are thrilled to be adding The Napa Valley Wine Train to Curator so it can also benefit from best-in-class technology and services, as well as the ability to tap into Curator's vendor expertise and negotiating power." -Jake Donoghue, CEO of Noble House Hotels & Resorts. The newest members of Curator Hotel & Resort Collection include: Estancia La Jolla Hotel & Spa (La Jolla, California) - Solo travelers, couples, and friends seeking an escape to reconnect will enjoy Estancia La Jolla Hotel & Spa. This hacienda-style resort is located between San Diego's seaside villages of La Jolla and Del Mar. It features 10 acres of beautiful green gardens, quiet courtyards, warm fireplaces, and world-class amenities. Guests can also experience the flavors of the West Coast at the hotel's dining venues, from breakfast delights at Greenfinch Restaurant & Bar to coastal-inspired dishes at Mustangs & Burros. Estancia La Jolla Hotel & Spa is managed by Noble House Hotels & Resorts. Gateway Canyons Resort (Gateway, Colorado) - Colorado's Gateway Canyons Resort is where luxury and adventure travel meet. Gateway Canyons offers breathtaking views of the high-desert landscape and is located right in the heart of red rock country, where endless outdoor adventures like off-road touring, horseback riding and mountain biking await travelers. The Resort is managed by Noble House Hotels & Resorts. Napa Valley Wine Train (Napa, California) - Travelers are invited to sip, savor, and enjoy an elegant, 36-mile roundtrip train ride through California's Wine Country. This vintage wine train has been operating since 1864 and features everything from gourmet meals to tours with sweeping views of Napa Valley; there are even hidden gems not located on traditional maps. Managed by Noble House Hotels & Resorts, Napa Valley Wine Train also offers hotel and train packages for travelers wanting to extend their stay. Maui Beach Hotel (Kahului, Hawaii) - Experience the beauty of Maui on the shores of Kahului Bay at Maui Beach Hotel. Located just five minutes away from the Kahului Airport, the hotel is at the heart of Maui. It gives travelers access to top attractions, including Iao Valley, Wailuku and the infamous Road to Hana. Travelers who choose Maui Beach Hotel are in for an unmatched and rejuvenating cultural experience. Springboard Hospitality Group manages Maui Beach Hotel. Villa Florence (San Francisco, California) - Welcoming travelers since 1908, Villa Florence is urban elegance nestled in the heart of the sights and sounds of San Francisco. Attractions like Union Square, The Embarcadero, Chinatown, and Museum of Modern Art are within walking distance of the hotel - perfect for travelers looking to explore a new destination. Spire Hospitality manages Villa Florence. Topnotch Resort (Stowe, Vermont) - Travelers seeking an 'off the grid' escape will enjoy Topnotch Resort's exclusive location nestled in New England's Green Mountains. This luxurious resort and spa offers suites, resort homes, a Topnotch Tennis Academy, custom spa treatments and a casual dining experience that encourages guests to create memories together. Nature lovers will also enjoy the great outdoors with activities like fishing for trout in the Lamoille River or riding a horse-drawn sleigh through Vermont's countryside. Spire Hospitality manages the Resort. For more information on Curator Hotel & Resort Collection, visit www.CuratorHotelsandResorts.com. About Curator Hotel & Resort Collection Curator Hotel & Resort Collection is a distinct collection of hand-selected small brands and independent lifestyle hotels and resorts, founded by Pebblebrook Hotel Trust and a group of industry-leading hotel operators. Curator provides lifestyle hotels the platform to come together and tap into cost saving agreements, new products, services and technologies, and benchmarking reports while allowing their members the freedom to retain what makes their hotels unique. In addition to Pebblebrook, the founding members of Curator include Davidson Hospitality Group, Noble House Hotels & Resorts, Provenance, Sage Hospitality Group, Springboard Hospitality, and Viceroy Hotels & Resorts. For more information, visit www.curatorhotelsandresorts.com and follow us at @CuratorHotelCollection. About Noble House Hotels & Resorts, Ltd. Built upon a philosophy that emphasizes location, distinction, and soul, Noble House Hotels & Resorts dedicates itself to creating and managing exceptional properties that celebrate their local communities and the adventures to be had within them. Headquartered in Seattle, Washington and continually growing, the Noble House portfolio features a luxury and upper upscale portfolio of 24 distinct and visually captivating hotel properties; over 66 restaurants, bars, and lounges; the Napa Valley Wine Train; and a collection of spas, marinas, and private residences throughout the U.S., Canada and Mexico. A range of beachfront resorts spanning California and Florida; luxury retreats in Jackson Hole, WY, British Columbia, and Colorado; and award-winning urban hotels in Seattle and San Francisco comprise the diverse collection. Centered within destinations worthy of every bucket list and layered with unique amenities that inspire adventure, the curated collection of one-of-a-kind hotels, resorts, and adventures are known for creating unforgettable travel experiences. For more information, visit www.noblehousehotels.com or call Noble House Hotels & Resorts at 877.NOBLE.TRIP. About Pebblebrook Hotel Trust Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 53 hotels and resorts, totaling approximately 13,200 guest rooms across 15 urban and resort markets. For more information, visit www.pebblebrookhotels.com and follow us at @PebblebrookPEB. About Spire Hospitality Spire Hospitality is a nationally recognized third-party hotel management company specializing in creating value for our hotel investors while delivering exceptional guest experiences and providing an outstanding place to work. The Irving, TX-based company's diverse portfolio of properties includes unique independent hotels and highly respected brands, including Marriott, Hilton and IHG. Spire is part of the AWH Partners family, which also includes AWH Development, a full-service real estate development company headquartered in New York. With more than 35 years of hotel operating experience, Spire is committed to preserving, protecting, and enhancing hotel real estate value.For more information, visit www.spirehotels.com. About Springboard Hospitality For more than 30 years, Springboard Hospitality, previously known as OLS Hotels & Resorts, has transformed people, properties, and communities as a leader in the hospitality industry managing and developing innovative boutique and branded properties throughout the U.S. With dual offices in Honolulu and Los Angeles, Springboard operates more than 38 properties across 10 states. Led by technology entrepreneur Ben Rafter, Springboard specializes in using analytics and technology with its Hospitality Intelligence (H.I.) to ensure properties are optimizing return on investment. The company offers a full spectrum of hotel services with expertise in creative management, marketing, sales, revenue management, food and beverage and more. The Springboard Hospitality team is committed to going above and beyond with high-touch, personalized service in every aspect of its operations, from its interactions with guests to its relationships with owners. For more information, visit www.springboardhospitality.com.

Read More

HOSPITALITY TRENDS

Select Registry Distinguished Inns of North America Celebrates 50 Years of Excellence in Travel

select registry | March 03, 2022

For 50 years, Select Registry Distinguished Inns of North America's network of distinguished, independent properties has offered outstanding accommodations and one-of-a-kind experiences to travelers. Select Registry was established in 1972 by travel writer Norman T. Simpson. He was the recognized authority on country inns of his time and traveled the roads and wrote of the unique inns he visited. He identified places that offered what he referred to as, "good honest lodging, good honest food, and good honest feeling." From there, his book, Country Inns and Back Roads was born. Country Inns and Back Roads started with just 16 pages and eventually evolved into a yearly guidebook, reflecting the growth of inns at the time.Today, Select Registry continues in the spirit of Norman Simpson with more than 250 member properties throughout the United States, a semi-annually published travel and lifestyle magazine, Inn Scene, and a robust website intended to provide travel inspiration and unique experiences. Select Registry properties represent the gold standard of independently owned inns, bed and breakfasts, and boutique hotels. Our quality assurance program is the most comprehensive in the industry, giving travelers assurance of consistent quality and comfort at each property. "We are proud to celebrate this milestone anniversary, Our diverse collection of properties share a passion for exceptional hospitality which has carried our organization through the last 50 years. We look forward to continuing to inspire travelers for the next 50 years and beyond." -Mark Reichle, CEO of Select Registry Discover the Select Registry difference and learn why we have been trusted by travelers and serving innkeepers for over 50 years. Watch a video commemorating the 50th anniversary of this distinguished collection of inns. About Select Registry: For 50 years, Select Registry Distinguished Inns of North America has set the standard for excellence in personal hospitality at independently owned inns and bed and breakfasts. Today, our upscale properties include over 250 boutique properties. They're located everywhere from backcountry roads to big-city neighborhoods, along coastlines, and in heartlands across the United States. Learn more at www.SelectRegistry.com.

Read More

HOSPITALITY TRENDS

Placemakr Announces New Pop-Up Hotel in Virginia

Placemakr | May 12, 2022

Placemakr, a tech-enabled hospitality platform and operator, announced the launch of its newest pop-up location under the Placemakr brand - WhyHotel by Placemakr, Alexandria. In partnership with Stonebridge, this unique pop-up will allow guests to experience hotel amenities and services, while staying in fully furnished, spacious apartments equipped with full kitchens, spacious living rooms, bedrooms with walk-in closets, and more. WhyHotel by Placemakr's pop-ups combine the best of home and hospitality to meet the evolving needs of residents and guests alike; effectively creating a new real estate asset class for blended living. Located at 2455 Mandeville Lane in Alexandria, VA, guests will be able to begin to book stays at the end of May. WhyHotel by Placemakr, Alexandria is located in Carlyle Crossing, a 1.7 million square foot neighborhood created by Stonebridge. The property itself includes modern apartments with the largest range of amenities in all of Alexandria, including two roof decks, a 3-acre private elevated terrace, a rooftop pool, two state-of-the-art fitness centers, co-working space, a demonstration kitchen and a stage for TED-style talks. Future guests will be able to enjoy on-site retail offerings anchored by a Wegmans Food Market, set to open later this month. WhyHotel by Placemakr, Alexandria will have 120 units available at the luxury apartment building, Dylan. Additionally, Bozzuto will have residential leasing opportunities at the luxury apartment buildings Easton, Dylan and Reese. The Carlyle Crossing neighborhood offers unparalleled access for travelers to the Capital Beltway, Eisenhower Metro Station, Amtrak line and the regional train station at King Street Station. The immediate neighborhood features 5.7 million square feet of existing office space, with an additional 2 million feet to be added. "The future of hospitality and home is flexible. Our unique model bridges the hotel and apartment world, creating an offering more valuable than either product alone, Our guests at WhyHotel by Placemakr, Alexandria will get to stay in fully furnished apartments while having access to the best services found in hospitality. We're linking these two industries to provide a greater experience for our guests and residents." -Jason Fudin, CEO and Co-founder of Placemakr The expansion to Alexandria, VA is the latest property to open under the new Placemakr brand - with additional properties planned to open this spring and summer. Following the company's recent funding round, the company is pursuing aggressive growth into new geographic locations in partnership with organizations dedicated to innovating the multifamily and hospitality industry. Their model includes pop-up partnerships, property management agreements, and real estate acquisitions. "At Stonebridge, we focus on creating transformative mixed-use developments in the Washington area and we see Placemakr as the perfect partner in expanding our offerings in Carlyle Crossing, Placemakr will add to our vision for a dynamic living environment embedded into a neighborhood rich with shopping and working opportunities to create the ideal destination for travelers coming for business or leisure." -Marvin Poole, Director at Stonebridge. Placemakr looks forward to announcing additional properties throughout the remainder of 2022. For more information, please visit placemakr.com. About Placemakr Placemakr is a flexible hospitality living platform, property manager, and real estate investor. Its tech-enabled operating platform allows the company to blur the line between hospitality and home, delivering the best experiences of both in a single building. Placemakr's curated spaces in hand-picked neighborhoods allow its guests and residents the flexibility to stay for a night, a year, or anywhere in-between. Visit placemakr.com to learn more. About Stonebridge Stonebridge is a real estate development and investment firm focused on creating exceptional places in the Greater Washington area. Their portfolio includes several of the region's most successful mixed-use projects: premier properties that realize the broad benefits of transit-oriented development and enhance communities with integrated office, retail, residential, and hotel space. Complex in nature due to their urban locations, these developments reflect their vision for dynamic living, working, and shopping environments as well as their commitment to sustainable planning and design, including proximity to mass transportation. Stonebridge's comprehensive expertise in real estate acquisition, finance, land entitlement, development, and investment management enables them to navigate risks inherent in real estate while implementing innovative strategies to transform neighborhoods and generate lasting value.

Read More

DESTINATION AND TOURISM

Jumeirah Group and Incode Technologies Announce Strategic Partnership to Shape Hospitality Experiences of the Future

Jumeirah Group & Incode Technologies | May 11, 2022

Jumeirah Group, the global luxury hospitality company and member of Dubai Holding, has announced a strategic partnership with Incode Technologies, the industry-leader in identity verification and authentication for global enterprises, to transform hospitality expectations and further innovate the guest experience.Today, the industry is filled with time consuming processes that often do not meet the expectations of omnichannel guests who seek flawless interactions across every touchpoint. Designed to provide a seamless experience from the moment a guest steps foot in a Jumeirah hotel or resort, the partnership with Incode will tackle this challenge head-on through enhanced digital and biometric technology. In accordance with best practices to ensure privacy and security, the system uses their identity to customise and create truly personalised experiences, on and off property. “Time is precious for our guests and so we constantly look at ways in which to make their experience as seamless as possible so they can maximise their time with loved ones, With our new partnership with Incode, we will leverage the system's personal recognition capabilities and connectivity so that our in-house systems can intuitively tailor the guest experience based on purchasing behaviour and stored personal preferences, building trust and strengthening connections.” -Pedro Deakin, Senior Vice President of Brand & Design at Jumeirah Group. The two companies share a vision to disrupt today’s hospitality experience, where generic and disjointed experiences remain pervasive. Highlights of the partnership include: Transparent guest identification: In a matter of seconds, even before arrival, the industry’s only fully automated identity verification engine validates the identity of a guest and associates him or her with a Jumeirah One account. This allows guests to identify themselves at their convenience and immediately introduces a magical, personalised experience upon arrival. Automated digital ID creation: A digital profile of each guest is automatically created from existing IDs and payment sources. The guests’ identity becomes the foundation for customising every interaction, on and off property. Seamlessly integrated experience: Once onboarded, guests use their most unique attribute – their faces – to fully manage their respective journeys. From booking on Jumeirah.com, to accessing a digital key and ordering amenities and room service, the identity-centric journey translates into the industry’s most transparent experience; all while ensuring that privacy and security remain paramount. Contactless payments: Using biometrics, guests pay for any service across their respective property without the need for a physical payment card. “We are honoured to have the opportunity to partner with Jumeirah Group – visionaries in luxury guest experiences – to pave the way for a new generation of highly curated and personalised services, Together, we have created an experience that brings a ‘wow’ factor, creating ‘aha’ moments across every touchpoint in the guest journey. By remodelling and removing friction across these experiences, we are building trust and creating delight between hotels and their customers.” -Ricardo Amper, Founder and CEO of Incode. About Incode Incode is a leading identity company that is reinventing the way humans verify their identity and interact with the world’s largest companies with a highly secure and delightful AI-based experience. Incode’s end-to-end fully automated orchestration platform enables seamless access across multiple channels with products focused on onboarding, authentication and payment verification that increase conversion and reduce fraud. With its mission to power a world of trust, Incode works with a number of the world’s biggest banks, fintechs, hotels, governments and marketplaces. Incode is based in San Francisco with offices in Europe and Latin America. To learn more about Incode, visit www.incode.com About Jumeirah Group: Jumeirah Group, a member of Dubai Holding and a global luxury hotel company, operates a world-class 6,500+-key portfolio of 25 luxury properties across the Middle East, Europe and Asia. The group boasts some of the most prestigious and captivating properties in the world, from the iconic flagship hotel and timeless pinnacle of luxury, Burj Al Arab Jumeirah, and lavish Arabian palaces across Dubai’s Madinat Jumeirah, to its contemporary Maldivian island paradise at Olhahali Island and art-inspired dolce vita on the island of Capri. Whether a modern twist on a British classic in the heart of Belgravia at The Carlton Tower Jumeirah, or a futuristic setting at Jumeirah Nanjing, Jumeirah’s name is synonymous with service excellence, crafting exceptional experiences for everyone who walks through its doors. Beyond its properties and resorts, Jumeirah Group is also dedicated to destination dining experiences, combining the most authentic and diverse cuisines with spectacular settings to create those unforgettable moments worth sharing. With over 85 restaurants across its portfolio, Jumeirah Group’s award-winning homegrown concepts including Sal, KAYTO, Shimmers and French Riviera, enjoy an enviable reputation for culinary excellence alongside the group’s Michelin stared Shang High and L’Olivo restaurants. The health and safety of guests and colleagues remains Jumeirah Group’s utmost priority and as such, the group has implemented a series of protective measures across all of its hotels and strictly adheres to each market’s respective government directives. www.jumeirah.com

Read More

Spotlight

We know that hospitality is constantly changing, and what you need today, may not be what you need tomorrow or even an hour from now.

Resources