Turkey potential mirroring some Asian markets ; 7% growth predicted
HOTEL INVESTORS AND DEVELOPER GATHER IN ISTANBUL FOR FIRST CENTRAL ASIA AND TURKEY HOTEL INVESTMENT CONFERENCE
• Posıtıve feedback from speakers, sponsors and delegates
• More than 370 delegates from 32 countries
• Insight on the region and development potential from industry experts
• Lively debate and networking among delegates
• Macro-economic insight on Turkey and Central Asia
ISTANBUL February 8 2011: With foreign exchange reserves of US$80 billion and predicted growth of seven per cent for 2012, Turkey is also now on a par with many Asian economies, accordıng to Nenad Pacek, president of Global Success Advisors.
Turkey is also now on a par with many Asian economies, accordıng to Nenad Pacek
Pacek was a keynote speaker on he openıng day of the first CATHIC (Central Asia and Turkey Hotel Investment Conference ) at the Ceylan Intercontinental Hotel in Istanbul today.
More than 370 delegates from 32 countrıes came together for the ınaugaral event to hear Pacek Advisors set the macro-economic scene, with analysis of the economic potential of Turkey and Central Asia.
He compared Turkey to Brazil – having both made great economic progress in recent years, and both grown out of past debt. ‘I am bullish about Turkey – with half the debt levels of most Western European economies and promising growth forecasts, I believe most corporate attention in the near future will focus here,’ he said suggestıng that CATHIC ıs provıdes an excellent platform for market ıntellıence sharıng and relatıonshıp buıldıng.
Dr Turgut Gür, chairman of the Turkish Tourism Investors Association, who opened the conference,agreed: ‘CATHIC is the only event of its kind in this region and we welcome this opportunity to meet and do business. Tourism can promote peace, understanding and co-operation between people, and I believe CATHIC, by promoting hospitality development can make a valuable contribution to this process.’
Johnathan Worlsey, chairman of Bench Events said: ‘we are delighted by the number of delegates at thıs ınaugural CATHIC conference - we have exceeded all our expectatıons. I am particularly pleased that Georgia, Kazakhstan, and other Central Asia states are well represented at the event. ’
Turnıng to the greater Central Asıa regıon, Pacek also believes that Kazakhstan offers good investment opportunities, as it, too is out-performing many countries. But Pacek cautioned that Kazakhstan, together with other Central Asia economies are heavily dependent on commodities, and as a result were at the mercy of price fluctuations fuelled by global commodity speculation.
Posıtıve reactıon from delegates and sponsors
Initial reactions from conference delegates and sponsors are positive. Karim el Aswar of Hodema said ‘Turkey is the perfct location for this event as the convergence point of the region, a strong infrastructure great people and excellent faciliites’.
Ayla Hayfegil, Managıng Partenr at event sponsor Servotel agreed, adding ‘we have attended he International Hotel Invstment Forum in Berlin for several years, but havng an event here in Turkey, which is in the middle of the hotel development action in the region is very welcome. This event has the right number of people to offer excellent opportunities for networking, and it will be a valuable experience for the delegates’.
Koray Yetik, secretary general of the Turkish Tourism Investors Association said ‘This is a great start, I always believed that this region needed an event like this to bring together people with a common interest in hospitality development. This is a wake up for the hotel and hospitality industry in our region, and I hope that in future years even international, particularly those from other Central Asia countries will join us.’
Multınatıonal hotelıers supportıve
Representatıves of many of the large global hotel companıes are also attendıng the CATHIC event. Dıdıer Martın, VP operatıons eastern Europeö Israelö Russıa & Turkey for Hılton Worldwıde saıd: "I am delighted to be involved in CATHIC 2011 - a magnificent opportunity for industry discussion on the potential of Turkey and Central Asia. In Turkey, we currently operate 13 hotels and are due to open 11 in 2011 - a key milestone for Hilton Worldwide. We look forward to opening our first hotel in Azerbaijan, Hilton Baku, later in the year and adding more hotels to our development pipeline in Central Asia."
IHG's president for Europe, Middle East and Africa, Kirk Kinsell, also gave hıs vote to the regıon: "We have confidence in Turkey and its phenomenal growth. There’s a tremendous spirit of entrepreneurship in Turkey that is inspiring.
‘We have nine hotels open across Turkey and a further six in the pipeline. Our main focus is on growing our brands in Istanbul, Antalya, Ankara and Izmir,’ he concluded.
Media Contact: Strategic Solutions, Susan Furness +97150 6556126, firstname.lastname@example.org email@example.com
NOTE TO EDITORS:
Central Asia and Turkey Hotel Investment Conference (CATHIC) - February 7 - 9 2011, InterContinental Hotel, Istanbul.
CATHIC Sponsors include: Accor, Aecom, BDO Hospitality Consulting, Best Western International, Carlson Hotels, Corinthia Hotels, Dedeman Hotels & Resorts International, Hilton Worldwide, Horwath HTL, Hyatt International, IHG, Jones Lang LaSalle Hotels, Jumeirah Group, Orient-Express Hotels, Rixos Hotels, Servotel Corporation, Starwood Hotels & Resorts Worldwide, Inc., Strategic Solutions, T&T Consulting, The Marmara Hotels & Residencies, The Rezidor Hotel Group, WATG and Wyndham Hotel Group.
CATHIC is co-organised by Bench Events and Questex Media, who also organise the Russia and CIS Hotel Investment Conference, Arabian Hotel Investment Conference, International Hotel Investment Forum Asia Pacific and the International Hotel Investment Forum Berlin.
About the Turkish Tourism Investors Association
(Türkiye Turizm Yatırımcıları Dernegi -TYD)
Established in 1988, TYD is a private, non-governmental association comprising the principal tourism investors in Turkey. TYD members represent two thirds of all private investment in tourism in Turkey. The organisation’s objectives include increasing Turkey’s share of the global tourism industry, bringing together entrepreneurs who wish to invest in the tourism sector, and promoting the importance of the tourism sector to the Turkish economy to a wide audience. TYD members represent two thirds of private investment in tourism in Turkey and the organisation works with government and non-governmental organisations in furthering its objectives. For further information, please visit www.ttyd.org.tr
About Bench Events
Bench Events has a long track record in co-hosting the premier hotel investment events in Europe and the Middle East. Bench Events’ Chairman, Jonathan Worsley, is one of the organisers and founders of the highly successful International Hotel Investment Forum now in its fourteenth year (www.berlinconference.com). In 2005, he was responsible for launching the Arabian Hotel Investment Conference in Dubai (www.arabianconference.com); in 2008 launched the Russia & CIS Hotel Investment Conference (www.russia-cisconference.com). In 2011 Bench Events will co-host the Central Asia and Turkey Hotel Investment Conference (www.cathic.com), International Hotel Investment Forum, Asia Pacific (www.ihif-asiapacific.com) and launch Hotel Investment Conference Africa, in Morocco. www.africa-conference.com
Bench Events’ sister company, JW Bench, is a benchmarking company that has successfully launched the Conference Bench and the Productivity Bench. An industry first, the Conference Bench, measures performance data for conference and banqueting space in 10 cities throughout Europe and the Middle East. www.benchevents.com
About HotelWorld Network – Questex Media Group LLC
The HotelWorld Network encompasses a series of publications and live events that provide news and networking to the largest group of hospitality professionals in the industry. HotelWorld Network delivers hotel industry news through its print publications Hotel & Motel Management and Hotel Design magazines in addition to its innovative breaking-news portal www.hotelworldnetwork.com.
The HotelWorld Network also offers cutting-edge educational content and valuable networking opportunities via its International Hotel Investment Forum (IHIF) Berlin, IHIF Asia Pacific, Russia & CIS Hotel Investment Conference, Distressed Hotels Summit, Central Asia & Turkey Hotel Investment Forum, HotelWorld Asia, and transform: design differently.