W Hotel slated to open in Sentosa Cove in 2011

IT IS confirmed: the trendy W Hotel chain will open its first Singapore premises in Sentosa Cove in 2011.

The 250-room hotel will be part of the Quayside Isle Collection, a mixed lifestyle development being built by City Developments (CDL) that will include homes, shops and restaurants.

Quayside’s 228 homes are said to be planned as W-brand residences – one of the first in South-east Asia, after the W Koh Samui Retreat and Residences in Thailand to be completed next year.

When contacted yesterday, CDL declined to comment.

But the Korea Herald yesterday reported that Ssangyong Engineering & Construction had won a 150 billion won (S$178 million) design-and-build project for a W Hotel in Singapore.

The seven-storey hotel will have 241 guest rooms, said the report. It will also come with a 500-seat banquet hall, a yacht pier, a swanky restaurant, a swimming pool and a private spa.

The hotel is understood to be located along the seafront, while the shops and residences will face the One Degree 15 marina.

In keeping with CDL’s environment-friendly initiatives, the W Hotel will have green features such as glass with highly insulating properties and a roof membrane that minimises energy consumption, said the report.

Further confirmation that the W Hotel will open its glamorous doors here appears on the website of Starwood Hotels and Resorts, the company behind the W Hotel brand.

There is a listing on the site for a ‘W Singapore – Sentosa Cove’ slated to open on July 1, 2011, with 250 guest rooms.

Talk of a W Hotel being part of Quayside surfaced as early as 2007, although CDL has been tight-lipped on the details. A report by The Straits Times as recently as February this year said the name of the hotel was still to be confirmed.

Reports in 2006 said the Quayside hotel was to be a 320-room Westin, also a Starwood brand, which is understood to be the plan submitted when CDL tendered for the Sentosa site.

If the talk about W-brand residences at the Quayside proves true, it will be CDL’s second Starwood hotel- brand residences, after the St Regis Residences in Cuscaden Road.

Sentosa currently has about 1,200 hotel rooms spread across seven hotels and at least 1,650 more rooms to come within the next three years, including those at the W Hotel.

Source : Straits Times – 23 Oct 2009

Resorts World at Sentosa to open four new hotels next year

Singapore’s second integrated resort operator, Resorts World at Sentosa, has refuted accusations that more than half of the 10,000 jobs available would go to foreigners.

Its management says Singaporeans remain its top priority when hiring, and it is receiving up to a thousand applications a day.

The comments were made at the media preview of four new hotels that will be opening on the island next year.

The Maxims Tower, Hotel Michael, Festive Hotel and Hard Rock Hotel are just four of six hotels that locals and foreigners alike can look forward to staying at.

Each hotel has a unique theme designed to cater to the needs of a particular set of guests.

For example, the Maxims Tower is an all-suite hotel with 24-hour butler service, built directly above the casino.

It is an exclusive by-invitation-only hotel intended for high-rollers, royalty and VIPs.

The six hotels can accommodate up to a total of 1,800 guests.

According to Resorts World at Sentosa, about 40 per cent of the 10,000 people hired will be working in the hotels.

And its management is confident the rooms will be filled, in spite of the uncertain times.

Vice-president, Rooms at Resorts World at Sentosa, Andrew Hickey, said: “Having six hotels plus all the other amenities around the hotels… That’s going to be very, very attractive. And we’re very certain there will be high demand.”

The remaining 60 per cent of 10,000 strong staff will be distributed evenly between the casino and Universal Studios.

Eighty per cent of the 500 people already hired are locals, and Resorts World at Sentosa says that the bulk of the jobs will continue to go to Singaporeans, with the exception of specialist jobs that require experience in gaming and international theme parks.

The Festive Hotel, with its family-themed focus, boasts of loft beds for parents travelling with children. The Festive Hotel, alongside the Maxims Tower, Hotel Michael and the Hard Rock Hotel, will open early next year.

The Resorts World at Sentosa says it is already receiving enquiries about booking reservations.

Source : Channel NewsAsia – Apr 2009

 

Top-end hotel Capella opens on Sentosa

THE ultra-luxurious Capella Singapore on Sentosa opened its doors yesterday.

With room rates starting at $750 a night, it is the only top-end hotel to open here this year.

Despite the poor economic conditions and global paring down of travel budgets, the hotel’s general manager, Mr Michael Luible, expressed optimism that it would do well because it was a ‘unique product’.

He said the hotel would run on the philosophy that whatever guests want, they will get. For example, they can check in whenever they want.

This week, the Capella will be where British carmaker Rolls-Royce launches its new model 200EX; fashion house Gucci will also flaunt its spring collection there.

The 111-room hotel sits on a site more than 12ha in size. It has 61 ’standard’ rooms and 11 suites, and each of its 38 villas has its own swimming pool.

A standard room, at $750 a night, is 77 sq m in size – almost twice the size of an average 40 sq m hotel room here.

The private villas, starting at about $1,800, offer at least 133 sq m of space.

The property is the first for the luxury brand in Asia and will be its flagship in the region, said Mr Horst Schulze, the chairman and chief executive officer of the West Paces Hotel Group, the parent company for the chain.

Deputy Prime Minister S. Jayakumar was the guest of honour at the opening of the hotel, which departed from the practice of having a soft opening ahead of its official debut.

To mark its opening, the hotel is offering guests who are staying two nights an extra night free. This deal is available till the end of May.

Source : Straits Times -  Mar 2009

Hard Rock Hotel to open on Sentosa in 2010

A HARD Rock Hotel will be one of four hotels to open at Resorts World at Sentosa (RWS) in the first quarter of 2010.

Collectively, the four hotels will provide about 1,350 rooms. The other three slated to open in Q1 2010 are Maxims Tower, Hotel Michael and Festive Hotel.

‘The Hard Rock Hotel Singapore is a welcome addition to our portfolio,’ said Hard Rock International’s CEO Hamish Dodds.

The five-star, US$223 million hotel will have 360 rooms, conference facilities and a ballroom that can seat up to 7,300.

Room rates are likely to be 30 per cent dearer than hotels in the surrounding area, as is usually the case with hotels in other theme parks, said RWS chief executive Tan Hee Teck.

Mr Dodds acknowledges the travel slump sparked by the global economic downturn has hit hotel room rates and occupancy levels, but is confident the Hard Rock brand will outperform its competitors in the four to five-star category.

Hard Rock International, which now has 124 Hard Rock Cafes and nine hotels/casinos, is expanding in the US and overseas.

Major projects are on the way in Macau and Penang – scheduled to open this year – as well as in Palm Springs, Atlanta and Panama in 2010. Hard Rock Hotels will also open in Dubai in 2011 and Abu Dhabi the following year.

Despite the tough economic environment, Hard Rock International grew its top and bottom lines last year. Top line was up 7-8 per cent, said Mr Dodds, who declined to reveal figures.

The $6.59 billion RWS project will have a total of 1,800 rooms spread over six hotels, plus a casino and attractions such as South- east Asia’s only Universal Studios theme park.

The project expects to generate more than 9,000 jobs by the end of this year and a total of 10,000 when it is fully up and running. It expects 15 million visitors in its first year.

Source : Business Times -  Mar 2009

Premium for convenience at Resorts World

GUESTS will be charged a premium for a night’s stay in the hotels in Resorts World at Sentosa, when it opens next year.

Yesterday, the casino-resort’s chief executive officer Tan Hee Teck said that hotels in theme parks overseas typically charge a higher rate than similar properties in the city.

This is because they offer visitors a range of attractions within walking distance, including Singapore’s first Universal Studios at Resorts World.

Family travellers with young children will enjoy the convenience of being able to take their tired kids back for a rest before coming back out again, without having to incur extra transport costs.

Minimum rates at five-star properties on Sentosa can range from $375 to $650.

Although Resorts World at Sentosa room rates have not been firmed up, The Straits Times understands that hotels in theme parks can charge up to 30 per cent more than the same class of hotel outside.

However, Mr Klaus Kohlmayr, director of service for hotel consultancy firm Integrated Decisions and Systems International, said it might not be a wise move to do so in such a weak market.

He said: ‘Leisure markets are the most price-sensitive, especially for families. They might decide it is cheaper to stay outside and take a taxi in for the day.’

Still, Resorts World at Sentosa is confident of drawing the crowds when it opens its doors next year.

The 49ha integrated resort on Sentosa – Singapore’s second after the Marina Bay Sands project – expects 15 million visitors in its first full year of operation. Mr Tan said the resort, with its theme park, casino, shopping and other attractions, is a destination in itself where people can stay for five to seven days.

The project is on schedule to open in the first quarter of next year, he said.

Of the resort’s six hotels, four – Hard Rock Hotel, Maxims Tower, Hotel Michael and Festive Hotel – will be ready by the first quarter of next year.

Some 1,350 out of 1,800 rooms will be available for the resort’s soft opening, with rooms going on sale by the end of the year.

Yesterday, the media was given a glimpse of the interior of the US$223 million (S$338 million) Hard Rock Hotel. It will have 10 suites, 350 rooms, 26 meeting rooms and a ballroom that can accommodate up to 7,300 people.

Guests will be able to take in live performances in an outdoor venue from the comfort of their room balconies.

In a nod to the resort positioning itself as a family destination, Hard Rock Hotel will have rooms that can accommodate up to six people.

In keeping with Hard Rock’s music industry theme, the hotel will be decorated with guitar-shaped and other musical motifs. Bathroom mirrors adorned with light bulbs will give guests the feel of being in a rock star’s dressing room.

Together with the opening of the new Hard Rock Hotel, Singapore will also get another Hard Rock Cafe, announced Mr Stephen Lau, who heads HPL Hotels & Resorts, the main franchise owner of the Hard Rock brand.

The new cafe, which will be slightly smaller than the one in Cuscaden Road, will be on Resort World’s Festive Walk, a pedestrian mall lined with shops and restaurants.

Mr Lau said the 19-year-old outlet off Orchard Road will also be refurbished.

Source : Straits Times – Mar 2009

Capella Singapore: WOW factor

 

CAPELLA Singapore finally opens its doors to its first paying customers on March 30. This marks the start of what the hotel and its owners hope will be a new chapter in the top end of the local hospitality industry – an establishment that successfully and seamlessly combines Singapore’s colonial past with the latest in resort-style accommodation and ‘a new standard of luxury’. Developed at a cost of $400 million by an associate company of the Pontiac Land group and managed by the US-based West Paces Hotel Group, the 111-room Capella Singapore is opening at a difficult time, thanks to the current global economic meltdown. Viewed from a different perspective, however, the hotel – the first in the region for the Capella group – is positioned to take advantage when the market for ultra-luxe hotel properties regains its lustre.

Given its spectacular 30-acre site on a hillside in Sentosa and the fact that every aspect of the hotel’s development has been gone over with a fine toothcomb, there is little doubt that Capella Singapore will create a positive buzz when it opens for business at the end of next month. Just to make sure, though, it gave the media an advance look at the property earlier this week.

The design line-up, led by brand name architect Norman Foster, is certainly impressive enough. The British architect’s ability to blend traditional design with futuristic elements has earned him a worldwide reputation, although he has yet to produce an iconic, impact-making building in Singapore along the lines of, say, the HSBC headquarters in Hong Kong or the German Parliament Building in Berlin.

There is a definite sense of The Grand Arrival at Capella Singapore. A long driveway leads up a hill and follows its natural contours before ending in front of Tanah Merah, two 19th-century colonial buildings that served as function halls for official British Government events have been meticulously restored to form the reception area of the hotel.

Rather than a conventional hotel lobby, guests will be made to feel as if they have arrived at a large private home. The rooms in Tanah Merah, which means ‘Red Earth’, are built on an intimate scale and decorated in a neo-colonial style with white-stained ceiling beams, wooden furnishing, grey-veined white marble floors and patterned rugs – somewhat clubby and evoking an unmistakable sense of plush privacy.

A flight of stairs leads from the reception room to a wood-panelled lounge called The Library, for obvious reasons. The overall setting is not as grand as, say, Carcosa Seri Negara – the former British High Commissioner’s residence in Kuala Lumpur that was built in the late-19th century and also turned into a luxury hotel – but there are many more layers to Capella Singapore.

For openers, Tanah Merah marks just the start of the Capella experience. Traditional architecture then gives way to the Foster treatment – guests emerge from the colonial-era buildings to find a long, curvilinear roof, linking the existing buildings with an entirely new, low-rise main block that houses the guest rooms. The contemporary shape, reminiscent of the futuristic curves found in several of Foster’s projects, looks from above like a large figure eight. The continuous aluminium roof is finished in a dark earth tone, in keeping with the traditional roof tiles on Tanah Merah.

Simultaneously, guests will not fail to notice a panoramic view of tropical greenery, comprising a tree canopy that follows the contours of the site down to the sea, where ships lie at anchor in the distance. The natural topography adds prominence to the main building, which sits atop the site, with rooms, restaurants and other facilities spread over several levels. Top-notch designers hired to decorate individual spaces include Jaya Ibrahim for the guest rooms, Andre Fu for Cassia, the hotel’s Chinese restaurant and Koichi Yasuhiro of SPIN for The Knolls, its all-day restaurant.

A three-tiered swimming pool complex (there are another 50 pools throughout) and 38 garden villas are sprinkled over the sloping land, together with a further 82 suites and duplexes intended for long-term guests who will be able to enjoy the benefit of the hotel services along with the main hotel guests. Apart from some villas that appear to be clustered together a little too closely, the Capella evokes a sense of true resort-style luxury – a definite rarity in an urban environment.

A concerted effort has been made to keep the grounds natural, so the landscaping is organic rather than ornamental, with planting intended to affect a paddy-field look in certain sections. Meanwhile, the overall design look is contemporary, with local touches – materials used in the guest rooms include Burmese teak, dark granite and limestone, while the curved themed extends to the villa roofs and ceilings as well.

A collection of artworks adorn other parts of the site – notable works include a steel installation on the lawn fronting Tanah Merah, an installation by Japanese artist Tomoko Sawada and a glass sculpture hanging from the ceiling of the uniquely circular, glass-domed ballroom.

Hotel rack rates start at $660 while villas are priced between $1,800 and $7,500. Rooms are uniformly spacious, ranging from 77 square metres for a deluxe room with a large picture window. The presidential suite, known as the Capella Manor, comprises three bedrooms and 4,000 square feet of space.

Rates for the long-stay accommodation will be individually priced, depending on the view, says Capella Singapore’s general manager Michael Luible. ‘Among affluent travellers who have houses and yachts around the world, the problem is who looks after them?’ says Mr Luible. ‘We take all these problems away and market the homes under the Capella umbrella.’

He adds, ‘It’s all about privacy and space and creating a certain word of mouth. We are offering a resort lifestyle and hopefully, we will deliver a ‘wow’ experience.’

Source : Business Times – Feb 2009

Sentosa’s seventh wonder

 

Sentosa’s latest hotel – the ultra-luxurious Capella Singapore – opens next month, bringing to seven the number of hotels on the small, 500ha island.

The $400-million hotel designed by renowned British architect Norman Foster is set to be the jewel in Sentosa’s crown, with its distinctive figure-eight shape wrapped around two grand colonial buildings restored to their former glory.

It will have 111 rooms from a selection of suites, villas and what the Capella people call ‘manor’ houses.

Given that the resort island already has 1,200 hotel rooms, and with at least 1,650 more to come within the next three years, it begs the question: Is Sentosa in danger of being ‘hoteled’-out?

No, say industry experts who point out that the various hotels cater to different markets.

For example, Capella Singapore’s luxury rooms with villas and manors are the first of their kind on Sentosa, says Mr Philip Lim, director of hospitality and tourism training academy, The Tourism Academy@Sentosa.

‘It will be clearly differentiated from what is already available,’ he says. His training institute is a collaboration between Temasek Polytechnic and Sentosa operator Sentosa Leisure Group and offers diplomas in hospitality and tourism business.

Capella Singapore’s market is very high-end: Room rates start from $750 and go up to $7,500 – the priciest on the island.

Sentosa’s other hotels cater to either those on a budget, making them popular with families, or the upmarket crowd who can splash out but not to the level of Capella’s luxe lot.

Hotels in the first category are the Costa Sands Resort (Sentosa), Siloso Beach Resort and Treasure Resort. Prices start from $80, $260 and $288 for a night respectively.

Those belonging to the latter category are the five-star Rasa Sentosa Resort and The Sentosa Resort & Spa, and the boutique resort, Amara Sanctuary Resort Sentosa. Prices start from $375 at Rasa Sentosa, $380 at The Sentosa Resort and $500 at Amara Sanctuary.

Mr Goh Lye Whatt, Sentosa’s director of property and planning, points out that the island’s hotels and resorts are popular among a diverse group, from families on getaway vacations to business travellers and holiday-makers on extended stays.

He adds that as part of Sentosa’s master plan, these hotels were planned for the long haul in line with more tourism initiatives and to bring a wider range of offerings to meet the needs of travellers.

Singapore Tourism Board’s director of hospitality division Caroline Leong says ‘the wider range of offerings will better position Singapore to meet the accommodation needs of travellers’.

Indeed, Mr Albert Teo, chief executive officer of Amara Holdings which owns Amara Sanctuary, is unfazed by the opening of Capella Singapore. He says that with Capella’s additional 111 rooms, ‘it’s not that many to Sentosa’s total room count’.

Capella Singapore also offers extended stays that can be as long as 20 years. ‘It is catering to a niche market that is different from ours,’ says MrTeo of his 121-room hotel. He says Amara Sanctuary is meeting its targeted occupancy rate but declines to elaborate.

As well as the lavish Capella Singapore, built over nearly six years, Sentosa will have several more hotels opening over the next few years.

Singapore’s first of two integrated resorts, Resorts World at Sentosa, is expected to open in March next year. Four of its six hotels will be open by then, offering 1,400 rooms.

Property giant City Developments is also developing a 250-room hotel at Sentosa Cove, which it says will be ready in ‘two, three years’. It was originally reported to be a W hotel (part of the hip W hotel brand), but a spokesman says it will unveil the name at a later stage.

But that is a long way off. Right now, the buzz is all about Capella Singapore, the flagship property for Capella Hotels and Resorts in Asia.

General manager Michael Luible says it has been receiving bookings since January and ‘now has a healthy number of advance bookings’. These include room bookings by corporate travellers, individuals and families.

Mr Lim says whether Sentosa can take more hotels will depend on the demand ‘when the economy is back in its healthy state and when all hotels including those in Resorts World are ready’.

Mr Luible says consumers benefit from more options on Sentosa as the island provides a wide range of lifestyle and hospitality choices for various budgets and needs. But other than those already planned for, he prefers ‘to see no further hotel developments on the island, to preserve its natural beauty’.

Source : Straits Times -  Feb 2009

Genting Int’l to pour another $590m into IR

Genting International has announced that Resorts World at Sentosa is now expected to increase its investment in the integrated resort (IR) to $6.59 billion, up from $6 billion.

In a statement released yesterday, it added that the additional investment will be funded by operating cash flows from the IR when it opens in the first quarter of 2010. ‘Financing for the resort is in place with the successful syndication of a $4 billion credit facility in April 2008. As at 31 December 2008, Resorts World at Sentosa Pte Ltd has awarded more than $4.5 billion of the $6.59 billion project costs,’ it said.

First to open will be four hotels, the casino, Le Vie Theatre, a 7,300-seat ballroom, and Universal Studios Singapore.

Resorts World’s chief executive officer Tan Hee Teck added that to date, it has drawn down $600 million of its credit facility. One third of the IR was funded by equity. About $2 billion has been set aside for interest costs and pre-operating costs.

At the time of opening, capital expenditure is projected to be less than $6 billion.

Mr Tan said that the increase in investment is due to changes made to the design and architecture of the integrated resort to improve its entertainment offerings, including enhancements to its casino and Universal Studios Singapore.

Of its Universal Studios attractions, 18 out of 24 are new or have been redesigned for Singapore.

Improvements were made to the quality of interiors as well as to foot traffic accessibility to retail and dining outlets.

The last time the budget for the Sentosa IR was revised upwards was in November 2007 – from $5.2 billion to $6 billion. This was attributed to building-cost escalation and more attractions being added.

The budget for Las Vegas Sand’s IR, Marina Bay Sands, has also been increased from US$3.6 billion to about US$4.5 billion.

While construction costs are said to be coming down this year, Mr Tan said that it would only benefit from contracts signed within the last two months.

The announcement comes on the back of Genting International’s full year financial results which saw it register a 14 per cent fall in revenue to $643.8 million, down from $751.6 million a year ago.

This was attributed to lower revenue from the group’s UK casino’s operations and lower interest income. Genting said that revenue from the UK casinos’s operations was affected by the weakening of pound against the Singapore dollar and lower business volumes.

It also reported a net loss of $124.8 million for FY2008, compared with a net loss of $381.5 million for FY2007. This can be largely attributed to a lower impairment loss on goodwill recorded in the current financial year for the acquisition of Genting Stanley of $100.8 million compared with $454.6 million in the previous year.

For the year, it also said that the UK casinos’s operations recorded a loss before impairment, foreign exchange losses and interest expense of $12.5 million compared to a profit of $53.4 million in 2007.

Mr Tan, however, is confident of the success of Resorts World at Sentosa as more cost-conscious Asian holiday-makers are travelling within the region. He said: ‘Asians are telling us they are doing medium to short-haul flights now.’

Source : Business Times -  Feb 2009

Resorts World at Sentosa to top out first hotel this month

Resorts World at Sentosa will top out its first hotel, Maxims Tower, by the end of this month.

The structural completion of the 11-storey hotel marks yet another major milestone in the development of the integrated resort, which remains on track for a soft opening in the first quarter of 2010.

Maxims Tower will open with three other hotels – Hotel Michael, Festive Hotel and Hard Rock Hotel – as well as the casino, Le Vie Theatre, a 7,300-seat Grand Ballroom, and Universal Studios Singapore.

Installation of ride equipment for the many attractions at Universal Studios Singapore has also begun, with testing and commissioning of the attractions scheduled to begin in October 2009.

Source : Channel NewsAsia – Feb 2009

Capella Singapore (Sentosa) mixes the old with the new

THE iconic British architect Norman Foster is perhaps associated more with designing high-tech buildings (think Hongkong and Shanghai Bank in Hong Kong, Beijing’s new airport terminal or even Singapore’s Supreme Court) than restoring old ones, but he is also responsible for some of the most masterful integration of old and new architecture in the world (think Reichstag, the German Parliament Building in Berlin).

So when developer Pontiac Land secured a prime 30 acre hotel site on Sentosa that had two 1880s colonial-era buildings as its centrepiece, it was less than surprising that Foster was chosen to perform his architectural magic on the place. Close to six years and $400 million later, Capella Singapore – the first Asian property to be managed by the Atlanta-based, ultra-luxe West Paces Hotel Group – is set to open for business in March next year.

‘Norman Foster was the hands down choice because of his ability to marry old and new,’ says Stephanie Kwee-Ng, vice-president of marketing, West Paces Hotel Group Asia. ‘Every detail was considered so that even the new copper roof matched the colour of the original terracotta tiles on the roof. The eaves of the old building are also in line with the new ones – it’s a seamless blending.’

One unintended result of the architect’s design, which incorporated an extension into the existing architecture, was that the shape of the new building follows the natural topography of the site and can be discerned to be in the shape of the figure eight – an auspicious aesthetic in this part of the world. ‘Foster was simply being sensitive to the environment,’ says Ms Kwee-Ng.

‘Capella Singapore is seamlessly integrated with the beauty of its natural setting and the remarkable historic buildings on the site,’ said Foster in a statement. ‘Our design fuses the contemporary with the historic, and the built elements with the tropical forest.’

Adding new extensions to old buildings, or updating the past and bringing it into the present is nothing new these days, of course, but it does seem to be a trend that is here to stay – or at least until we run out of old buildings to conserve and convert.

The primary structure of note is Tanah Merah, a two-storey building with white columns and a red terracotta tile roof and the site of colonial tea parties in the past. When it reopens, it will be part of a resort that features large, luxurious rooms and villas with bespoke butler service and ‘personal assistants’ assigned to every room. ‘One of the core things that Capella is about is personalised service,’ says Ms Kwee-Ng, citing West Paces founder and CEO Horst Schulze’s philosophy of going that extra mile for every guest: ‘We’ll do anything so long as it’s legal and moral.’

Meanwhile, interiors by Jaya Ibrahim, a leading name in the design world, will also highlight the contrast between old and new, while other brand name designers such as Andre Fu and Yasuhiro Koichi of Design Studio Spin have been commissioned to work on the restaurant spaces.

‘In the ultra-luxury travel sphere, people are looking more for meaningful, significant connections,’ says Ms Kwee-Ng. ‘Luxury is a given – people are looking for experiences money can’t buy. The Capella zeitgeist includes key things like experience and legacy. The engaging blend of old-world charm and all-world luxury that Capella Singapore offers will add value to that experience,’ she says.

The global economic downturn that will continue into next year and probably beyond may put a damper on the hospitality industry, but travellers in the premium segment will still be looking for the same things. ‘These things are cyclical,’ says Ms Kwee-Ng. ‘People will generally still travel – I have seen that the high-end traveller will still want to travel, but in a less ostentatious manner.’

Capella, which bills itself as the world’s first six-star hotel management company, plans to open in winter 2010 in Niseko, a fast-growing ski resort in Hokkaido that is very popular among Singaporeans. Then, over the next five years, several other resorts in Thailand and the region will open, many with a residential property component. ‘For any successful company, you need to have a long-term strategy,’ says Ms Kwee-Ng. ‘We’re not going to go overboard. We’re still moving aggressively forward with our programme.’

Source : Business Times – Dec 2008