Bench Events and Questex Media Group today announced that the ninth annual Russia & CIS Hotel Investment Conference will occur October 21st-23rd 2013 on the Radisson Blu Resort & Congress Hotel in Sochi, Russia, site of the 2014 Olympic Winter Games.
Sochi is undergoing a main transformation from a regional tourist hub right into a global tourism destination because it gears as much as host the Winter Olympic Games early next year and a variety soccer matches when the FIFA World Cup Finals come to Russia in 2018.
In preparation for these mega-events, Sochi and the local region are creating new attractions and investing in infrastructure.
“With the 2014 Winter Olympic Games fast approaching, the world’s eyes are on Sochi,” said Jonathan Worsley, Bench Events chairman.
“We are delighted that the town will host RHIC this year.
“There is a good buzz and excitement about Sochi. Colleagues inside the travel and tourism industry are anticipating seeing the Olympic Park and the region’s new hotels in person with Sochi’s preparations for the Winter Olympic Games in full swing.”
Total investment inside the region is predicted to exceed $50 billion. Morgan Stanley has reported that infrastructure spending is anticipated to account for seven per cent of Russia’s rising GDP in any case until 2018 as Moscow and regional governments improve facilities for the FIFA World Cup Finals.
“Beyond the Olympics, the subsequent five years will see the field drawing in new investment and development opportunities,” said Kerry Gumas, Questex president.
The selection of international brand hotels in Russia is predicted to extend from 87 to 220 by 2018, and the entire choice of international brand hotel rooms will greater than double from 21,885 to 47,5341.
The Carlson Rezidor Hotel Group, Host Sponsor of RHIC, is without doubt one of the fastest-growing hotel companies worldwide in addition to being a number one international hotel operator in Russia/CIS.
The doors to the Radisson Blu Resort & Congress Hotel in Sochi opened in January this year.
“We are excited to be hosting this year’s RHIC and bringing the region’s most prestigious hotel investment conference to Sochi at such an incredible time,” said Wolfgang Neumann, Rezidor Hotel Group president.
RHIC is the industry’s premier event in Russia, bringing together the region’s largest gathering of hotel investors, developers, brands, operators, financiers, advisors and government officials under one roof.
Attendees will gain insights from Russian and global leaders as to where the actual opportunities lie within the region, discover successful strategies from those already operating available in the market and listen to from government officials and top economists at the latest forecasts and trends.
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