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|Manhatten Brooklyn New York – 3Story penthouse apartment Get ready for a crib that will blow your mind! At a first glance, one might think this is just a tasteful contemporary home with a few unusual decorating ideas. In fact, this unique crib is composed out of different living areas. Everything in this hi-tech apartment is automated.|
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Mipim March 2013
|Residential tourism is entering a golden age says Starwood boss Key notes : International Hotel Investment Forum in Berlin
Spain and Ireland starting to emerge from downturn say experts The Irish and Spanish property markets are emerging from the doldrums according to delegates at this year’s MIPIM real estate conference in Cannes.
Swiss push through ban on second home development The Swiss voted in favour of a ban on the development of new second homes this week.
|Residential tourism is entering a golden age says Starwood boss The residential tourism industry is on the cusp of a real golden age,” says Frits van Paasschen, President and CEO Starwood Hotels & Resorts. Speaking at this weeks IHIF (International Hotel Investment Forum)in Berlin, Van Paasschen said that billions of new middle class clients are going to start travelling out of the worlds fast-growing emerging markets over the next 15 to 20 years.Residential tourism will benefit from massive economic growth in places like India, China and Brazil said Van Paasschen, and his fellow panellists Simon Johnson, CBRE Specialist Markets, Denis Hennequin, Chairman and CEO, Accor, Hubert Joly, President & CEO Carlson and Chairman of the Board Rezidor Hotel Group, Steve Joyce, President and CEO, Choice Hotel International, and Richard Solomons, Chief Executive Officer and Executive Director, IHG all agreed that the global hospialtiy sector did well last year and is set for a good 2012.Frits is right, said IHG boss Solomons. The tail winds are good for our industry. He argued that 4 key drivers will power the market forwards: the emerging markets will provide a host of new business, the ageing populations of developed world will have lots of leisure money to spend, the internet is going to go on driving in more booking, and the USA will come back fast.Our industry will do well as long as it follows the money and goes where the clients are. Accor CEO Hennequin said that the places to concentrate on are the Asia Pacific and Latin American countries. In 2008, Latin America and the Asia Pacific markets accounted for 3% of our revenues. In 2011, this had risen to 15%, and the volumes will go on growing. Go to these markets are build now, he said. Get a share of their booming domestic resi sectors and then follow them abroad. China will be a Chinese market before it is an international market,” he said. “India will be an Indian market before it is an international market … and so on.” And invest now, he added. Before it is too late to get your brand known.Rezidor and Carlson boss Joly agreed, stressing that 70% of his group’s current development pipeline is located in developing markets. In locations like these, he added, it is important that hotels are designed specifically for local market requirements and do not just pick up the European model. Like all of the other industry leaders at IHIF, Joly told OPP that 2011 was a good year. Despite high rates of unemployment generally, the corporate travel sector has come back. Face-to-face meetings will always be essential, he said.
The Chinese slowdown does worry Joly however, and he said he was watching the country s collapsing GDP growth rate carefully. Nobody needs panic yet, he said. Like the man who was falling from the 90th floor said when he got to the 5th floor, so far, so good !