Official news agency of Iran Hotel Industry
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Hotel News - Statement by Board of Directors of the Hoteliers Association in response to some comments on the assignment of the Fourth Factor of National Hotels Evaluation.

Hotel News - Statement by Board of Directors of the Hoteliers Association in response to some comments on the assignment of the Fourth Factor of National Hotels Evaluation.

“We are surprised that some people consider the statements of the most responsible members of the Hoteliers Association to be irresponsible and unprofessional on hotel industry issues. The Iran Hoteliers Association has always been a good partner with Cultural Heritage, Handicrafts and Tourism Organization of Iran align with the growth and improvement of the hospitality industry in the country. Contrary to the statements made by these people, the Fourth Factor will not be left to hoteliers themselves, but Iran Hoteliers Association will be responsible. Iran Hoteliers Association is now carefully and rigorously focused on all aspects of the hospitality industry in the country, and has sufficient control over its sub-functions, and has proved its competence and qualification during this period. The decision to hand over the affairs is handled by the Cultural Heritage, Handicrafts and Tourism Organization of Iran, and the head of the organization has identified the best option for Iran Hoteliers Association. The Board of Governors of the Iran Hoteliers Association, selected by all the industry's activists across the country, will strive to do his duty and what is best for all hoteliers in this country." Kamiar Eskandrian - Member of the Board of Directors and Secretary of the Iran Hoteliers Association in Iran

Create: Feb 26, 2019     Edit: Mar 5, 2019     Regional News
Red Planet Japan steps up Asian expansion with $59.5 million acquisition

Red Planet Japan steps up Asian expansion with $59.5 million acquisition

Hotel News - Red Planet Japan announces the $59.5 million acquisition of the Thailand-based hotel arm of its parent company Red Planet Hotels Limited on the back of a series of expansion announcements in the Asia Pacific region. Red Planet Japan has announced that it is acquiring the Thailand-based hotel arm of its parent company Red Planet Hotels Limited. Industry experts say the acquisition is likely to be completed by the end of the first quarter of the financial year 2019. Red Planet Japan will acquire a half dozen hotel-owning companies in Thailand, all of them from its parent company. This will make for a total acquisition consideration of 6.5 billion Japanese yen or $59.5 million. The acquisition includes five operating hotels, located in Surawong (Bangkok), Patong (Phuket), Asoke (Bangkok), Pattaya, and Hat Yai. It also includes a sixth property that is currently under development in Sukhumvit Soi 8 (Bangkok). The operating hotels being acquired in Thailand have a recorded sales that totals 692 million Japanese yen ($6 million) in 2017 and 787 million Japanese yen ($7.1 million) in 2018. As a result of this acquisition, Red Planet Japan’s portfolio will increase to a total of 15 hotels in Japan, Thailand, and the Philippines, including five hotels under development. EXPANSION OF JAPANESE TOURISM Japan, like many markets with easy access to Southeast Asia, has undergone a tourism boom in recent years. Factors such as the expansion of low-cost carrier routes, the loosening of visa requirements, and a growing affinity for Japanese culture, has fueled a substantial increase in the number of tourists travelling from Southeast Asia to Japan in recent years, especially from Thailand.

Create: Feb 25, 2019     Edit: Feb 26, 2019     International News


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