TTG Asia
Asia/Singapore Sunday, 28th December 2025
Page 2173

Korean Air boosts services to Thailand, Vietnam, Malaysia

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SOUTH Korean flag carrier Korean Air is increasing frequencies on its routes to South-east Asia and the Americas.

Between July 23 and August 24, flights between Seoul (Incheon) and Chiang Mai will be raised from four times a week to seven, while services to Nha Trang in Vietnam will be increased from twice-weekly to four-times-weekly from July 19 to September 10.

Flights out of Seoul (Incheon) to Kota Kinabalu will be bumped up from two times a week to four from July 28 to August 22.

Furthermore, Korean Air will increase services to Danang from daily to 10 times a week beginning July 28.

The carrier is also increasing access to Honolulu and Guam. From July 24 to September 10, Korean Air will up the number of flights between Seoul (Incheon) and Honolulu from 17 to 21 times a week.

Flights on the Seoul-Guam route will be hiked from seven times to 11 times a week to meet stronger demand.

Rail Europe steams into China with Shanghai office

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RAIL Europe has opened an office in Shanghai to provide more support for its business in the Greater China, which is now its fourth most important market.

The region registered a 60 per cent increase in sales over the past two years.

“Rail Europe is getting more and more popular in China. Chinese travellers enjoy European trains, the convenience, the safety, the speed, the romance, and the wide network across all Europe. The sustained and important sales growth in this emerging market highlight this enthusiasm for rail travel,” said Florence Pasquier, sales director of Rail Europe.

“With our local presence, we aim to closely support business development in China, be easily reachable for any Chinese traveller across the country, support our strong GSAs’ network, and keep expanding with big players in the travel industry.”

The office will be helmed by Dan Wang, whom Rail Europe has appointed as business developer.

Rail Europe’s GSAs in China include Caissa Touristic, GTA Shanghai, GTA Beijing, Europe Express Promotion and Consulting, Beijing UTour International Travel Service, ZTG, Yiqifei Guangzhou, Shanghai Ctrip International Travel Service, Nanjing Tuniu International Travel Service and Shanghai Ou Tie Business Consulting.

Rail Europe opened its Hong Kong office six years ago, and its Asian flagship retail store, also in Hong Kong, in 2011 in partnership with local Europe train travel agency Sincerity Travel (TTG Asia e-Daily, May 16, 2011).

It also has offices in Tokyo, Seoul, Singapore, Mumbai, Sydney, Buenos Aires and Dubai.

Minor makes Avani major

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MINOR Hotel Group (MHG) will propagate its upscale Avani brand across Asia, the Middle East and Africa in the next few years to meet strong demand for “affordable luxury” hotels.

At a meeting with the Singapore media yesterday, MHG’s marketing communications and public relations vice president, Marion Walsh-Hédouin, said Avani will grow the quickest amongst the group’s other brands in the near future.

Walsh-Hédouin said the group has noted a growing demand for the four-star brand, which positions itself as offering “affordable luxury with contemporary living space for leisure and business”.

Currently, there are five Avani properties in operation – two in Vietnam, two in Sri Lanka and one in Malaysia.

Walsh-Hédouin told TTG Asia e-Daily that more Avani properties to come up include two in Bangkok, one opening next year and the Amari Atrium Bangkok which will be rebranded in about two months’ time; a property in Seychelles Barbarons, late this year; and one in Bali, late next year.

Overall, MHG properties have attracted about 60 to 70 per cent leisure travellers, she said, with a growing corporate segment. For instance, both the Avani and Anantara properties have welcomed incentive business for the “destination experience” they offer, no matter city or resort locations.

Asked about the performance of MHG’s Thailand properties in recent months, she said: “Business suffered quite a bit especially in the last six months (due to the political chaos), but it is on the quick rebound now, especially from the region where there is good air access.”

She added that Singapore and Hong Kong are the group’s biggest markets in Asia.

MHG currently has 110 hotels across 14 countries. In 2012, it announced its plan to double in size over five years, from about 80 hotels to 150.

Looking to diversify

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Just like the travel agencies it serves, Amadeus, too, is expanding into new business lines. Newly appointed Asia-Pacific president, Angel Gallego, tells Gracia Chiang that the trade needs to get content and channels right

11-july-angelgallego

You were VP of Western Europe, Middle East and Africa, what surprised you when moving to this part of the world?
It’s a cultural journey for me, a very intensive one. We all come with our own impressions in mind of what Asia-Pacific is, only to realise there is no one Asia-Pacific. It’s very difficult to draw a common line culturally and from a business standpoint.
There are vast differences among Japan, South Korea, China, India, South-east Asia, Australia…The structure of the airline players, hotel industry and travel agencies, the way they engage with each other, their business models and how they position themselves in the marketplace are very different.

With this in mind, what then are your key priorities for the region?
There are some commonalities to address. To name a few that stand out for distribution: low-cost carriers (LCCs), hotels, online travel agencies (OTAs), corporate travel specialisation. These four are top of the list in the key priorities we’re establishing for every large country in Asia.

LCCs are more important; hotels are accounting for more of the profit of travel agencies, whose majority of sales were from air tickets before; many large travel agencies see embracing online as unavoidable; and corporations are also demanding more technology specialised to the needs of their businesses and travellers.

How are you helping travel agencies?
What we’re providing is a combination of three things: content, technology and services.

Firstly, their needs for content are growing, so we need to expand our range of content. Agencies would have been satisfied with just getting our air content 10 years ago, but today they tell us air is only a fraction of their sales, network carriers is a fraction of that, and their profit balance is drifting towards other products.

They are saying, “I sell more products, so I need more content. The more you can help me aggregate that content seamlessly so I don’t have to jump from database to database, the more you help.”

Secondly, there’s pressure to have more channel capability in a coherent way. Every agency today acknowledges that travellers are multichannel consumers, so they want to enable mobile and relate to meta-search. We need to help agencies engage consumers from the inspiration phase.

Yes, agencies today have to embrace digital channels.
Mobile and online are very different things. Mobile is a very powerful channel for interacting with the traveller. The fact that the screen of smartphones are growing, bandwidth is improving, applications are more lean to manage data exchanges on the Internet – this means we can do things on smartphones that were unthinkable years ago.

The demand (for mobile), at the beginning, came from a servicing viewpoint rather than a selling viewpoint. However, the moment (agencies) provide that, they start realising the selling potential within that space as well.

We’re developing a new mobile solution, expected for launch later this year, which is designed to make travel easy. It’s a digital, multichannel technology that addresses traveller needs at every stage of the journey from inspiration to management and experience. It will enhance our travel agency customers’ ability to offer a personalised service by delivering check-in capabilities, flight status updates, local maps and services right to the traveller’s phone.

And for online?
The challenge is the informed or biased traveller. If you’re an offline player sitting in front of somebody who has been influenced by whatever he saw when browsing the Internet, (that customer) knows what he wants at the price he wants it, and he believes he can get it at that price because he saw it. Agencies say, “How can I participate in that influence?”

For online travel specialists, the challenge today is that the inspirational phase is starting to happen in a big time beyond their reach because it’s on metasearch companies as well as user-generated content sites like TripAdvisor. They feel like people who are landing on their sites are already influenced, and they want help with merchandising and inspiration solutions.

On that topic of technology solutions, Amadeus has been muscling up as an IT player, is this because the distribution business is dwindling?
That’s not right. Our distribution business grew seven per cent last year (for Asia-Pacific). That’s a lot higher than the industry average. Our distribution business is now 20 plus years old, but still growing. It’s healthy, and we’re very happy about that.

But it’s true that in the last two years we’ve been intensively looking into (new areas). We don’t need to wait until we have a problem with our older business lines. I wouldn’t say it’s hardcore diversification. All of them are in the neighbourhood of what we do, capitalising on synergies or assets we have today.

With airline IT growing very nicely, we’re moving vigorously into airport IT because we have a very nice departure control set of applications that we thought was easily adaptable to airports. We are developing applications in house, plus acquiring companies that complement our portfolio like UFIS.

Same with hotels. We’ve been a very large player for many years, particularly in the corporate travel space. Now our ambition is to participate in leisure hotel distribution and hotel IT. We’re making sizable investments, again a combination of in-house R&D and acquisition of relevant players like Newmarket.

Will you be focusing on certain countries within Asia?
The needs of every market are different. The needs to invest in a country like South Korea, for example, are very sizable. It’s a very large country, with very specific needs. Korean Air will be migrating its passenger service systems to Amadeus’ Altea this year. The uniqueness of the Korean market is that Korean Air also owns a GDS called Topas. Topas and Amadeus have been working together for more than two years to create Topas SellConnect, which has been in operation since May. We are progressing towards full market adoption, expected by the end of August. We believe our system is more powerful in breadth of content but also in managing the content available.

China is very important, and it’s a step-by-step process there. The regulation in the GDS environment has relaxed to a sensible degree over the last few years – I wouldn’t say to a full degree. International airlines can now choose to work with GDSs like Amadeus for international air travel in China. To date, Air France, KLM and Lufthansa have received approval from Civil Aviation Administration of China to use Amadeus.

We have also just received IATA BSP certification in China which means that Amadeus is one step closer to giving authorised travel agencies the ability to fulfill the entire billing and ticketing process of travel products offered by foreign BSP airlines in the market.

 

10 NEED TO KNOWS ABOUT Angel Gallego

•  Who is in your family? Wife, two kids, parents, brother, sister

•  What do you do for fun? Sports photography, reading, family gatherings

•  Your ideal vacation? Walking in the mountains

•  How do you book your own leisure trips? Travel agencies mostly

•  What are you reading right now? Meditations by Marcus Aurelius

•  How do you stay healthy? Jogging four times a week, occasional basketball and mountain trekking

•  Favourite food? Spanish paella

•  A bad habit you cannot kick? Smoking cigars

•  Your pet peeve, something that never fails to annoy you? On serious matters: dishonesty. Day to day: constant in-flight announcements in three languages while working or watching a movie

•  Most people don’t know that you can… Be a very resourceful DIY husband

This article was first published in TTG Asia, July 11, 2014 issue, on page 6. To read more, please view our digital edition or click here to subscribe.

Independents reach out for marketing representation

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Why do some hotel owners prefer to be independent and how do they choose a hotel marketing company to represent them? Raini Hamdi, Xinyi Liang-Pholsena, Paige Lee Pei Qi, Mimi Hudoyo and S Puvaneswary find out

11-july-onefarrerNo. of rooms 250

Positioning Five-star luxury hotel, three hotel concepts in one, trend-setting urban resort. Opening in phases from August

One Farrer Hotel & Spa is the hospitality/lifestyle centrepiece of a mixed use development called The Connexion that includes a state-of-the-art conference centre, a private hospital and specialist clinics.

The owning company, The Farrer Park Company, believes that being an independent hotel gives One Farrer Hotel & Spa full autonomy to tailor its offerings and establish a unique hospitality, wellness and F&B experience for its guests.

The hotel has chosen Preferred Hotel Group (PHG) to represent it, saying PHG will give it a global platform, the endorsement of a renowned brand, connectivity to online and travel agency reservations systems, and on the consumer front, its point-based loyalty programme iPrefer. PHG also has a network of 36 global sales offices and access to 16 frequent flyer programmes.

Richard Helfer, director of The Farrer Park Company and chairman of One Farrer, likes that each member hotel is required to meet or exceed the Preferred standard of excellence, which is anonymously reviewed yearly.

He added: “PHG’s integrated quality assurance measurement programme, which allows member hotels to aggregate and analyse reviews and comments from 45 consumer review and social media sites, is also a valuable platform for helping the hotel to understand residents’ experiences. This will be a significant tool that aids the hotel’s efforts in continuously improving its standards.”


11-july-thepatinaNo. of rooms 157

Positioning Experience-led hospitality, celebrates individuality, art, architecture, heritage and culture. Opening 1Q15

The Patina, Capitol Singapore, is owned by the Kwee family, which owns luxury hotels such as The Ritz-Carlton, Capella, Conrad and Regent in Singapore. The Patina represents an amalgamation of over 50 years of expertise and experience in luxury hospitality, and the move from owning to operating a hotel.

For representation, it has picked Leading Hotels of the World (LHW) as its collection of luxury hotel brands fits the bill, and has track record and international presence, said Marc Dardenne, CEO of Patina Hotels & Resorts. He likes its “bespoke” rather than “cookie cutter” sales/PR efforts based on each hotel’s needs.

“With their global sales, marketing and PR presence, we can leverage and tap on their databases and expertise in target markets, especially emerging markets like India, Russia and China,” said Dardenne, adding that LHW’s loyalty programme, Leaders Club, also enables Patina to reach out to high net worth individuals.


11-july-princehotelNo. of rooms 445 (plus 157 serviced apartments)

Positioning A corporate hotel located in the heart of Kuala Lumpur

The hotel is a franchise of Prince Hotels & Resorts Japan and is operated independently with affiliation to Worldhotels.

Being independent allows autonomy on decision-making among the hotel executive committee team on strategies pertaining to branding, positioning, providing a unique guest experience and driving profit, said general manager Tim Quarm. Hence, senior managers are trained to be entrepreneurs of their own business units and to be creative hoteliers, he said.

The challenge commonly faced by independent hotels is a lack of awareness of the property and connection to the international travel trade as compared to international hotel chains. A marketing representation gives that exposure, and it picked Worldhotels for “its relevant tools, up-to-date innovations/strategies and experienced marketing personnel based in various regions”, said Quarm, who also likes the bridge to multinational corporations that Worldhotels provides.


11-july-indigopearlNo. of rooms 177

Positioning Offering cultural, design and architectural lifestyle experiences

Indigo Pearl is owned by veteran hotelier Wichit Na-Ranong who prefers to be independent so he can embrace the brand pillars of cultural heritage, creativity, design and architecture and a close connection to north Phuket with its rich history, national parks, high-quality beaches and tin-mining origins.

For representation, it needed a company that understands this positioning and its unique product. Thus, it settled on Design Hotels which, said general manager Christopher Oakes, also shares its entrepreneurial spirit and enables it to reach high-quality niche markets.

Said Oakes: “Indigo Pearl is not a typical resort; it is very art- and design-focused with a deep connection to the destination. So it is not mass market, but attracts a more refined guest profile.

“We feel Design Hotels demonstrates a strong understanding of our ideals and, with its ability to open up new regional markets to us and increase business across direct and retail channels, we believe they are a good fit.”

Oakes said the resort has expanded its visibility and profile with new travel consultants at events, exchanges and sales missions organised by Design Hotels.


11-july-aleentaNo. of rooms 44 (plus 44 in development)

Positioning Luxury, “all suites, all private” concept, smallest room being 80m2

Aleenta Phuket is owned and managed by AHMS-The Collection, a hospitality management company under the leadership of founder/MD Anchalika Kijkanakorn, who aims to cater to like-minded hotel owners/developers around Asia.
For representation, it picked Small Luxury Hotels (SLH) as it shares the same ethos as AHMS. Anchalika is also chairman of the board of SLH, the first female and Asian representative to be elected to this position.  “SLH has a wide reach globally and their selection of hotels guarantees the correct brand associations and connotations for us at all times,” she said.

“SLH has regional sales and PR teams worldwide including key emerging markets like China, India and Russia as well as all traditional markets.”

On the technical side of distribution SLH provides a state-of-the-art Internet booking engine, seamless packaging opportunities, full GDS connectivity with systems support from a dedicated account manager, she said. It audits all hotels each year. SLH Club Members also has over one million customers who book SLH hotels at least twice per year, and Anchalika said they are “perfect guests with the highest ADR and incremental spend”.


11-july-thebaleNo. of rooms 29

Positioning A hideaway for couples, adults-only policy, luxury pool villas, butlers, gourmet cuisine, spa

The resort is owned by an Indonesian-based company and is managed by Lifestyle Retreats, a Singapore-based boutique hotel management firm. It ended its hotel representation partnership last year as the actual room/revenue production had decreased yearly while production from OTAs and the hotel’s websites increased.

“This is a market shift which I believe is affecting marketing affiliations across the board,” said Jose Luis Calle, managing director, Lifestyle Retreats. Calle believes representation firms can help properties without a brand or solid marketing team to penetrate markets, but once these hotels have positioned themselves, it is a challenge to justify the expense of representation if it’s not supported with actual production of room nights and turnover.

“Representation companies are not always necessary, although I sincerely appreciate their contribution especially during the pre-opening of The Bale in 2002. It put The Bale on the map and gave us the right exposure in a number of magazines. Production through their website represented a significant amount of the overall turnover of the property. Those were the good days definitely,” he said.


11-july-royalscottsNo. of rooms 511

Positioning Deluxe business hotel

After being part of a hotel chain for 25 years, Royal Plaza on Scotts, owned by Sajahtera Investments, went independent  to “allow us the flexibility to respond to a fast and ever-changing market”, said general manager Patrick Fiat, who believes personalised service delivery is a challenge for chain properties around the world to implement and manage.

Saying it takes two to tango in all partnerships, the first criterion in selecting a representation firm is to ensure it has similar business practices and ideals. He thus settled on Preferred Hotel Group (PHG).
Fiat said: “We have seen a healthy growth in business every year since we embarked on the partnership more than 15 years ago.

“We have gained support from various regional offices to secure corporate RFPs from global MNCs. This translates to a substantial amount of direct business from frequent business travellers of these corporations. PHG also helps to enhance our brand in the global market.”

He added that PHG also reaches out to global travel agencies online and offline, which is a good source of business. “The hotels can use this to their advantage by balancing out the seasonal demands and booking costs,” he said.

Additional reporting from Xinyi Liang-Pholsena, Mimi Hudoyo, Paige Lee Pei Qi and S Puvaneswary

This article was first published in TTG Asia, July 11, 2014 issue, on page 14. To read more, please view our digital edition or click here to subscribe.

HK, Kolkata among Etihad’s 6 new destinations in 2015

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ETIHAD Airways has announced plans to fly to six new destinations within the first half of 2015, namely Hong Kong, Kolkata, Madrid, Edinburgh, Entebbe (Uganda) and Algiers.

The airline will commence four-times-weekly services to Hong Kong from Abu Dhabi on June 15, and fly daily directly to Kolkata starting February 15.

It will also upgrade its existing daily flights to Brisbane via Singapore to a direct service In June 2015, deploying a three-class Boeing 787-9 Dreamliner on the route.

Further service upgrades within the Asia-Pacific include the introduction of a three-class Airbus A330-300 aircraft on daily flights to Singapore.

James Hogan, president and CEO of Etihad Airways, said: “Our global network development in the first half of 2015 supports a long-term vision to provide travellers with an extensive range of destinations and connections over Etihad Airways’ Abu Dhabi hub. These new destinations have been selected to expand our coverage and strengthen our customer proposition in the strategically important markets of Europe, Asia and Africa.

“The expansion will also create new opportunities to enhance our codeshare agreements and align operations with key airline partners, such as Virgin Australia, Jet Airways, Air Seychelles, Air Europa and Kenya Airways. Between Abu Dhabi and Hong Kong, for instance, our four weekly flights will combine with Air Seychelles’ three weekly flights to provide a daily frequency.”

Besides Hong Kong and Kolkata, the carrier will also fly to Madrid daily from March 29, Entebbe daily from May 1, Edinburgh daily from June 8 and Algiers thrice a week from June 17.

India reveals bold US$166m budget for tourism

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THE new Union Budget for 2014/2015 unveiled yesterday proposing a Rs10 billion (US$166 million) investment to develop India as a more attractive tourism destination has generally received a positive response from the trade.

The budget covers improving air access, airport construction in second- and third-tier cities, introducing e-visas at nine airports by end-2014 (TTG Asia e-Daily, July 2, 2014), developing heritage sites and creating five themed tourist circuits, though no time frame was announced for most of the projects.

This includes earmarking Rs1 billion for the preservation of archeological sites, Rs2 billion for heritage cities development, while an international-standard convention centre will be built in Goa.

Service taxes will also be waived for Indian tour operators dealing with tours conducted outside of the country.

Other measures welcomed by the trade include allowing cenvat credit for rent-a-cab and tour operator services from October, the proposed nation-wide upgrading of railway lines (TTG Asia e-Daily, July 9, 2014) and the introduction of reits as vehicles for fundraising.

Cheering the new budget, Subhash Goyal, president, Indian Association of Tour Operators, said: “This is the best-ever budget for the tourism industry in the history of India. International tourist arrivals to India will grow by 30-40 per cent yearly once the e-visa is introduced.”

Madhavan Menon, managing director of Thomas Cook India, was particularly enthused by the development of the Sarnath-Gaya-Varanasi Buddhist circuit with world-class amenities, which he called a “manifestation” of the government’s pro-tourism focus.

However, a section of the industry feels the government could have gone further in supporting the industry.

“Major issues related to high energy costs and infrastructure development remains unaddressed,” said Manju Sharma, director, Jaypee Hotels.

And in the area of adventure travel, Akshay Kumar, president of the Adventure Tour Operators Association of India, said: “One of our long-standing demands – the waiver of excise and customs duty on the import of adventure travel equipment – was not met.”

“Reforms are needed mainly on issues related to airlines. Building new airports will not help unless we make the airline business viable and sustainable,’ added Vishal Bhadola, associate manager, CAPA India.

Additional report from Shekhar Niyogi.

HotelQuickly catches the eye of major investors in latest round of funding

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LAST-MINUTE hotel booking app HotelQuickly has raised US$4.5 million in its latest round of funding from Japanese Internet media company Gree and veteran hotelier William Heinecke, who participated through his family office.

The additional funds will be channelled into product development, marketing and hiring to boost sales across Asia-Pacific and consolidate HotelQuickly’s position in the region.

Gree’s investment into HotelQuickly also marks the beginning of collaboration between the two companies. The former has rolled out its own last-minute booking service Tonight, and the partnership is expected to reap benefits for both sides in terms of shared technical experience and personnel exchange for a start.

The recent funding follows the US$1.2 million raised in August last year and bumps up HotelQuickly’s coffers to over US$5.5 million.

Gree board member, Eiji Araki, said: “HotelQuickly has expanded at a phenomenal pace this past year to emerge as the clear leader in last-minute bookings in Asia-Pacific with more than 3,000 partner hotels and 100 destinations.

“This is a great opportunity for Gree to take part in that growth story, while teaming up with the world-class talent at HotelQuickly to accelerate our own entry to this space. Our two companies share a mobile-first approach, so this partnership is a natural fit. I’m looking forward to what we can achieve together.”

Heinecke, who is chairman and CEO of Thailand-based Minor International, commented: “We’re seeing a clear shift from online to mobile and as traditional booking channels lose ground, there is a tremendous opportunity for a service like HotelQuickly in the Asia-Pacific region.”

Maldives to host surf event

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THE Asian Surfing Championship will be hosted in the Maldives this September, the first time the islands will hold the Maldives Open.

Main sponsor of the event, state-owned Maldives Marketing & PR Corporation (MMPRC), yesterday signed an agreement with the Asian Surfing Championship and the local Maldives Bodyboarding Association.

At least 70 surfers from Malaysia, Indonesia, the Philippines, Thailand, Singapore and the Maldives are taking part in the event, which will run from September 3-7 at the Adaaran Select Hudhuranfushi resort.

“The event will further position the Maldives as a sought-after surf destination in the global arena,” a spokesperson for the MMPRC said.

The Maldives attracts close to a million foreign visitors a year.

Ovolo acquires three hotels in Australia

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OVOLO Hotels is expanding in Australia with the purchase of three hotels Down Under – Blue Sydney, Hotel 1888 in Sydney and Oaks on Lonsdale in Melbourne.

Girish Jhunjhnuwala, founder and CEO of Ovolo Hotels, said: “2014 marks a significant milestone for Ovolo Hotels by acquiring three hotels outside Hong Kong. The purchase is part of an aggressive brand expansion strategy across Australia. They presented a unique opportunity for us to reinforce our presence in the Australian hotel market.”

Blue Sydney, formerly W Sydney, is located on the Wharf at Woolloomooloo Sydney with 100 rooms including 36 loft suites offering views of the Sydney Harbour foreshore. Ovolo will formally take over the hotel on October 31 and begin a gradual renovation of the property. The hotel was purchased in June.

Ovolo acquired Hotel 1888 in Sydney in May and Oaks on Lonsdale Serviced Apartments Melbourne in March, and will continue to work with the current hotel operators.

Hotel 1888 was converted from a wool warehouse originally built in 1888 and is the world’s first ‘Instagram hotel’, featuring 90 guestrooms and a good location on the CBD fringe of Pyrmont.

The 4.5-star Oaks on Lonsdale property sits on the Paris end of the Melbourne CBD in the heart of the city’s live theatre precinct. It offers 148 guest rooms in one- or two-bedroom configurations now, but will be transformed into an all-suite lifestyle hotel property in future.

A timeframe for the rebranding of these properties to the Ovolo brand has not been set yet.

Ovolo Hotels first entered the Australian market in 2012 with the opening of the 42-suite Ovolo Melbourne (TTG Asia e-Daily, February 20, 2012).

“Sydney and Melbourne continue to be the top destinations for hotel investors and for foreign capital into Australia. Through the Group’s expansion plan in the country and later in the Asia-Pacific region, we hope to inspire design-conscious living offering high-tech touches that have become a hallmark of the brand.”