TTG Asia
Asia/Singapore Friday, 19th December 2025
Page 1132

Hertz Asia drives into Vietnam with new franchise partner

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From left: Hertz Asia Pacific' Eoin MacNeill, and New City Rent A Car's Nim Vuon Phu at the franchisee signing. The car rental service is now available in Ho Chi Minh City, with Hanoi to launch by the end of this year

Hertz Asia has appointed New City Rent A Car as its new franchisee partner in Vietnam.

New City Rent A Car will offer customers a range of transportation solutions through Hertz and its other brands Dollar and Thrifty.

Hertz Asia Pacific’s Eoin MacNeill (left) and New City Rent A Car’s Nim Vuon Phu at the franchisee signing. The car rental service is now available in Ho Chi Minh City, with Hanoi to launch by year-end

All brands will now be available in Ho Chi Minh City, with Hanoi launching later this year.

Customers seeking short- and long-term car rentals in Vietnam can now benefit from a wide range of luxury SUVs, sedans and car rental services, such as the Hertz Chauffeur Drive, a door-to-door professional driver service that can be booked for half-a-day, a full day, and airport or city transfers.

TAT’s Amazing Hua Hin 2019 promo offers up to 50% off room rates

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New hotels: Hotel Tavinos Hamamatsucho, Page 148, and more

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Hotel Tavinos Hamamatsucho, Japan
The first property under Japanese hospitality Fujita Kanko’s millennial-driven brand Tavinos, has made its debut in the Japanese capital. Situated in the Hamamatsucho district, the 188-room emphasises affordability, boasting average room rates of 10,000 yen/night (approximately US$92) for a twin/double room. Guest rooms are decorated with Manga murals, measure 12m² on average, and are minimally furnished with smart storage spaces. Aside from a lounge where beverages and a light breakfast is served, the property also boasts Tavinoshiori, an AI concierge that features an interactive map providing recommendations for local spots and events.

Page 148, Hong Kong
The launch of this 197-room hotel earlier this year marked Page Hotels’ debut in Hong Kong. Located on 148 Austin Road, this boutique hotel is within walking distance to both Tsim Sha Tsui and Jordan MTR stations. All rooms boast floor-to-ceiling windows framing the heritage-rich Kowloon Cricket Club, a 43-inch LED flat-screen TV, Page Common blend coffee drip-bags, Appelles bathroom amenities and air purifiers. A 4G Pocket Wi-Fi Device is also included for selected room types.

Double Tree by Hilton Shanghai Jing’an, China
The second DoubleTree by Hilton property in Shanghai is ensconced in a 28-storey building in the Jing’an District. All 307 of its rooms are equipped with amenities such as the Sweet Dreams by DoubleTree sleep experience bedding, and a 50-inch LCD TV with satellite channels. Guests will have access to facilities such as an indoor pool on the fourth floor, a 24-hour fitness centre and three F&B venues.

Event planners may avail any of the hotel’s two ballrooms, the 520m² Mingde Grand Ballroom which can be divided into three multifunction rooms, or the pillarless, 380m² Mingyue Grand Ballroom with floor-to-ceiling glass windows.

Mercure Jakarta Batavia, Indonesia
Mercure Jakarta Batavia has opened in the capital city’s Kota Tua (Old Town), a rebranding from the former De Rivier hotel. The property offers 376 rooms and suites, alongside amenities such as two restaurants, bars and lounge, spa, fitness centre, sauna, and a children’s playground. There are also 14 function spaces available for meetings and events, where the largest is the 800m² ballroom which can seat up to 300 people banquet style.

Outrigger Konotta Maldives Resort names DOSM

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Sonika Adlakha has been appointed director of sales and marketing for the Outrigger Konotta Maldives Resort.

In her new role, Adlakha is responsible for generating top-line revenue for the property by securing new accounts, maintaining existing ones and executing sales strategies to boost hotel profitability.

She reports to the property’s general manager, John Allanson with a dotted line to Outrigger’s vice president sales and marketing, Asia Pacific, Andrew Gee.

Adlakha’s most recent position was director of sales for villa ownership for Soneva Jani and Soneva Fushi in the Maldives.

Other roles she has under her belt include director of sales for Sun Aqua Vilu Reef, Sun Aqua Iru Veli in the Maldives and Sun Aqua Pasikudah in Sri Lanka; cluster director of sales for Al Nahda Hotels & Resorts, Oman; regional sales head MICE India for Las Vegas Sands Corporation; and assistant director of business development for Shangri-La Hotel in Mumbai.

Rolling out the welcome mat

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Asian restaurant at Riu Hotel Creole

With Mauritius increasingly seeking out diverse visitor markets, tourist accommodations are starting to roll out the carpet for Asian guests, determined to make them feel at home while priming them to discover the island beyond hotel grounds.

Hotel Riu Creole has in recent years been polishing its tools to penetrate Asia’s promising group tours and corporate incentive segments.

Asian restaurant at Riu Hotel Creole

Up until recently, the Asian market was nearly non-existent for the hotel, which is part of Spain-based Riu Hotels & Resorts that is 49 per cent owned by European tour giant TUI.

“A few years ago, we only saw European guests at the hotel. Now we are working in collaboration with the Mauritius Tourism Promotion Authority and Air Mauritius to promote in Asian markets. We are investing a lot in Asia,” said Géraldine Bajee, regional sales and marketing manager at Riu Hotels & Resorts.

Hotel Riu Creole witnessed the potentials of Asian markets when charter flights began arriving in the destination from China. Now, armed with a sales and marketing presence in China, Riu Hotels has been marketing its global portfolio in the country through an office in Beijing and another in Shanghai.

With language a considerable barrier in the early days of selling to Asia, the hotel has hired Chinese staff and studied the profiles of Asian guests, shared Bajee.

Apart from China, Hotel Riu Creole also sees potential in India, although there are some difficulties including the seasonality of Indian travel demand (driven by weddings and honeymooners).

An all-inclusive stay is not a familiar concept with Indian travellers, but this opens up, rather than limits, selling opportunities, opined Moussa Lahlali, cluster general manager for Hotel Riu Creole and the adults-only Hotel Riu Le Morne next door.

“Indians are used to particular styles of holidays from their travels to Dubai and the Middle East. We introduce the full-board concept, (which is) something quite new to many of them, and they like it.”

Because Chinese and Indian leisure travellers tend to spend their days outside the resort, Lahlali feels most of the property infrastructure is already in place to start catering to these guests, with only the areas such F&B requiring tweaks.

For example, it has been adding Asia nights to the roster of Spanish and Italian themed nights in its restaurants.

Lahlali elaborated: “The concept is when you enter the restaurant you feel like you’re travelling through different parts of the world with different areas dedicated to different Asian cuisines. We introduced Asian cuisine and hired Asian chefs in recent years, and have since been fine-tuning the F&B offer. Rather than simply eating, we are now creating an experience of (discovery) for guests.”

Meanwhile, the two Riu properties in Mauritius are gearing up for more corporate incentive groups, which represent important new segments for the properties.

The expansive grounds give both Riu properties “all the potential” to accommodate group activities, Lahlali remarked, but there is work to be done to equip them with the required tools and expertise.

“We are huge and have different spaces that can be used, from our restaurants to the beach. Now, we’re creating a manual on how to cater to business events groups particularly teambuilding and incentives, and not just weddings.

“We are looking into what our clients’ needs are and how we can propose to them. We also have to bring together departments including sales, operation and F&B to become business events ready.”

Bleisure is a big part of the equation too. Lahlali said there are plans to equip the properties to take care of accompanying family members, including children.

It is not just big groups that are spurring the Asian ambitions of hospitality players in Mauritius. For more boutique tourist accommodation like MJ Holidays’ 13-villa Marguery Villas and its upcoming Mythic Suites & Villas, Asian FITs are flashing bright on the radar.
MJ Holidays, one of the few residential-style villa accommodation operators in Mauritius, has already developed an online reputation in China, having seen results and positive feedback through listing on OTAs.

As MJ Holidays expands – Mythic Suites & Villa is set to open in November 2019 in Grand-Gaube on the north-eastern coast – it now wants to continue building a name in Asia and penetrate new markets.

It is doing so by stepping up trade efforts while working to convert OTA demand to direct bookings on its own website, shared managing director Isabelle Descroizilles.
On the travel trade front, it recently partnered a South Korean tour operator to sell Marguery Villas, marking its foray into the market.

For now, Descroizilles sees multigenerational families as the ideal target in Asia, although other segments like couples and honeymooners are also taking a liking to the villa concept.
“Most families conduct their day-to-day lives apart from one another. Holidays are a time for children, parents, grandparents to come together. When travelling, they want to spend as much time as possible in one place so they can reconnect,” she elaborated.

“Since January, we have been selling through a Korean tour operator, which has been sending (honeymoon) couples to the villas. I was surprised that this worked as we’re not a typical product for couples. But we’re realising that couples enjoy having a whole villa to themselves, despite the pricing for two pax not being very competitive.”

With the opening of Mythic Suites & Villas, it seems the horizons are widening for MJ Holidays. On top of three- or four-room villas, the new property also offers guests one-, two- or three-room junior suites, as well as three-room penthouse suites.

Venturing farther afield

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Petite France, a French-style theme park in Gyeonggi Province

A s the major destinations of Seoul, Busan and Jeju enjoy a growing roster of flight and cruise connections, surrounding provinces in South Korea are dangling new attractions and various promotions to lure travellers beyond the popular trio.

These provinces are also making efforts to improve transportation links from the gateway hubs, as industry players recognise that access is the biggest factor restricting visitors from venturing beyond the key cities.

Petite France, a French-style theme park in Gyeonggi Province

Gyeongsangnam-do Provincial Government’s marketing project manager, Shin Min Young, expressed: “Transportation is still the most important issue in local tourism, and it should be improved so that foreign FITs can (travel) conveniently.”

She explained that although information on public transportation is available on social media and online, it is largely in Korean and remains “inconvenient” for travellers. The current alternative for visitors hoping to explore the Gyeongsangnam countryside would be renting a car at the airport.

Todd Seo, overseas marketing team assistant manager of Gyeonggi Tourism Organization, shares similar observations: “Gyeonggi is located very near Seoul and Incheon International Airport, but many foreign tourists stay only in Seoul. We figured that the biggest factor preventing independent tourists from visiting Gyeonggi is transportation.”

As such, the tourism organisation has launched EG Tour Bus, a service that plies seven themed routes covering different attractions around the province, seeking to solve the lack of transportation that travellers often face when venturing beyond Seoul. Gyeonggi is situated an hour by train from Seoul.

“So we made EG Tour Bus (with) various themes such as peacefulness, healing and history. Since tourists can visit three to four attractions in a day (on this shuttle), EG Tour Bus has become very popular now,” he added.

Similarly, Gyeongsangnam – located west of Busan – is planning to launch a one-day bus tour that runs between Busan and several cities in the province. It will include an English-speaking guide and will be sold through OTAs such as Trip.com, revealed Shin.

And while foreign tourist accessibility “has improved gradually” with services like EG Tour Bus and K-Shuttle – a foreigner-exclusive shuttle visiting Korea’s main tourist cities – having ride-hailing services would also be beneficial, opined Seo.

He said: “The restriction of shared ride services like Uber is a barrier to improving accessibility. If these were to be available in the foreseeable future, foreign tourists can travel around South Korea more conveniently and actively.”

On top of these new products, Gyeonggi and Gyeongsangnam are banking on the Korean pop and drama wave to pump up tourist volume.

Gyeonggi is known for its “Hallyu tour activities”, Seo said, thanks to popular filming sites such as Petite France from variety show Running Man, and Ilyeong Station from boy group BTS’ music video, Spring Day.

In the case of Gyeongsangnam, the Hallyu wave has brought in more tourists “who visit Korea three times or more”, said Shin.

She continued: “The demand for new sightseeing places other than the main cities is steadily increasing. In particular, tourists from countries with a high rate of revisit, such as Singapore, want to visit new places other than famous locations such as Seoul and Jeju.”

Among the popular activities in Gyeongsangnam are temple stays, wellness programmes such as herbal foot spas and oriental medicine therapy, learning about traditional crafts such as raden (Korean lacquerware), and marine sports like yachting and skin diving.

Fabio Berto moves to Hilton Niseko Village as GM

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Hilton Niseko Village in Hokkaido has appointed Fabio Berto as general manager.

Prior to his move to Japan, Fabio was commercial director at the Waldorf Astoria Shanghai on the Bund for five years since 2014. In 2017, he took on the additional role of hotel manager to his portfolio.

Starting from the F&B department of a hotel in St Moritz, Switzerland, he expanded his career to the rooms department including the front desk of an established luxury hotel in Pari. Berton gradually progressed his career in London through different appointments within various international brands.

He joined Hilton in 2003 and held key positions such as director of sales at the Hilton London Metropole, followed by cluster commercial director at the West London Hilton hotels for about five years. Fabio then returned to his native Italy in 2011 as commercial director at the Rome Cavalieri, A Waldorf Astoria Resort for three years.

Thomas Cook sells majority stake to Chinese shareholder Fosun

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Embattled travel firm Thomas Cook has agreed to a rescue deal with major investor Fosun Tourism Group, its banks and a majority of its senior noteholders, following its earlier statement in July that the proposed £750 million (US$939 million) bailout by Fosun was its best option.

The new deal would see Fosun taking majority stake of the business.

Thomas Cook sells majority stake to Chinese shareholder Fosun Tourism Group

Fosun will put in £450 million (US$549 million) to acquire at least 75 per cent of the equity of the tour operator and 25 per cent of the group’s airline, said the travel firm in a statement.

Thomas Cook’s core lending banks and noteholders will also pitch in a further £450 million for 75 per cent of the equity of the group’s airline and up to 25 per cent of new equity in the group tour operator.

In its July 12 announcement, Thomas Cook said that shareholders may be given the opportunity to participate in the recapitalisation by way of investment alongside Fosun and converting senior creditors on terms to be agreed.

The company added in its statement that the board continues to proceed on the basis that a recapitalisation, achieved with the support of shareholders, is the preferred means of securing the future of the group for all its stakeholders, while at the same time enabling the existing shareholders to continue to retain an investment in the company.

However, the recapitalisation is expected to result in existing shareholders’ interests in the recapitalised and reorganised group airline being significantly diluted, subject to feedback from creditors, the new money providers and other stakeholders, said the company.

This summer, Thomas Cook reported a £1.5 billion half-year loss, according to a BBC report.

The firm, added the report, has annual sales of £9 billion, 19 million customers annually and 22,000 staff operating across 16 countries.

The travel firm, which has issued three profit warnings within a year and is struggling to cut its debts, has been trying for a long time to sell its airline business, said the report.

The implementation of the deal is targeted for early October 2019.

APAC hotel trading hit US$4.5 billion in 1H2019, underpinned by strong domestic investment

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APAC hit US$4.5 billion in the first six months of 2019, with more than half of the capital originating from domestic buyers in Japan, China and Australia, says global real estate consultancy JLL.

According to JLL’s latest Hotel Investment Highlights report, investors are facing mounting pressure to deploy capital amid geopolitical uncertainty. To generate target returns, a number of investors have adjusted their risk expectations to explore opportunities within their home countries.

APAC hotel investments hit US$4.5 billion in 1H2019, with over half the capital from domestic buyers in Japan, China and Australia

Japan’s hotel market recorded the highest domestic transaction volumes in Asia-Pacific at US$1.1 billion in 1H2019. Of this, Japanese REITs accounted for almost half of the total amount invested in the market. This was from deals such as Japan Hotel REIT Investment Corporation’s US$563.5 million acquisition of the Hilton Tokyo Odaiba and its US$25.2 million purchase of Hotel Oriental Express Osaka Shinsaibashi.

“Demand from Japanese institutional investors is growing due to low borrowing costs and expectations of continued market growth on the back of upcoming large-scale events such as 2019 Rugby World Cup, Tokyo 2020 and the 2025 World Expo,” says Mike Batchelor, CEO Asia, JLL Hotels & Hospitality.

He added: “We believe that the 12 per cent forecast increase in international visitors to Japan in 2019 will continue to spur local investors to explore hospitality opportunities in major cities such as Tokyo and Osaka over the rest of the year.”

Following closely behind as the region’s second most traded market is China, registering US$1.1 billion in domestic investment volumes. In Q12019, local internet giant JD.com purchased the Beijing Jade Palace for an estimated US$400 million. The hotel is slated to be converted into a mixed-use office development later in the year.

Batchelor said: “This deal is part of a wave of domestic investors buying hotel assets for conversion to alternative uses such as offices. As hotel deals are driven by a price per square metre basis in China, they tend to be priced lower than other commercial properties. Given the low-yield profile of such transactions, foreign investors are likely to be priced out of the hotel market, leading to more domestic transactions in China.”

Traditionally a hot spot for offshore buyers, local investors dominated the Australian hospitality market in 1H2019. Comprising close to 80 per cent of the total US$388.2 million invested, domestically-traded deals included the Next Hotel Brisbane, Hilton Surfers Paradise, MACq 01 Hotel and the Mayfair Hotel Adelaide.

Craig Collins, CEO Australasia, JLL Hotels & Hospitality explained: “The size, location and type of assets that were traded in the first half suited the mandates of larger local investors, which explains their level of dominance. From 2018 to June 2019, Australian buyers more than tripled their level of capital invested in hotels.”

He added: “Whilst domestic investors will continue to be very active, the Australian hotel investment market remains a firm focus of offshore groups. Based on expected transaction activity for the second half of 2019, we expect international capital to dominate hotel acquisitions over the rest of the year.”

Grab pumps US$500 million to grow in Vietnam

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Singapore-headquartered Grab Holdings will be investing US$500 million into Vietnam over a period of five years, a country which the company sees as its next major growth market.

According to a statement, Grab will use the US$500 million to expand its transport, food and payments networks in the country, as well as tap into new opportunities.

Grab will earmark US$500 million into expanding its operations in Vietnam

Russell Cohen, head of regional operations of Grab, said: “This investment is a reflection of our redoubled commitment to Vietnam. The country’s rapidly developing economy and young, mobile-first population makes it ripe for the adoption of digital services.

“As we scale our food, parcel delivery, transport and payments business across the country, we hope to tap and invest in new opportunities emerging in the fintech, mobility and logistics space, in order to bring about greater value and innovation for our customers and partners.”

To date, Grab indicated that it has helped hundreds of thousands of driver-partners better their livelihoods, with accumulated earnings of nearly US$1 billion.

Meanwhile, GrabFood saw gross merchandise value in the first half of the year grow 400 per cent, with average daily orders hitting 300,000. In that period, GrabFood also signed agreements with restaurants such as Lotteria. GrabFood merchants have also seen their incremental business revenue grow by 300 per cent within three months joining on the platform.

Moca, Grab’s digital payment partner in Vietnam, also reported that payments volume on the Grab app grew 150 per cent in the first half of the year with monthly mobile active users growing more than 70 per cent.

To solidify the company’s long-term commitment to Vietnam and its people, Grab also announced its Tech For Good development roadmap, which is aligned to the government’s key national policy priorities under Vietnam’s Socio-Economic Development Plan 2020. The three main areas include helping to lift communities from poverty, building a skilled workforce and creating an environmentally sustainable future.

Jerry Lim, country head of Grab Vietnam, noted: “By aligning our business with the government’s socio-economic development plan, we want to make a significant and meaningful contribution to Vietnam’s long-term socio-economic growth, and support the country’s Industry 4.0 ambitions.”