Questex is taking the Worldwide Hospitality Funding Discussion board (IHIF) to Asia with the launch of a brand new occasion within the third quarter of 2024.
As a part of the growth, Questex is partnering with Australia’s Intermedia Group to collaborate on the IHIF Asia launch in addition to the Intermedia Group’s AHICE (Asian Lodge Trade Convention & Exhibition) South-East Asia occasion in Singapore in late February 2024.
The brand new occasions in Asia proceed to bolster the worldwide growth of the Questex Hospitality portfolio. Following the current acquisition of the NYU Worldwide Hospitality Trade Funding Convention and the launch of The Hospitality Present, created in collaboration with the American Lodge & Lodging Affiliation.
Earlier this 12 months, IHIF in Berlin delivered the biggest occasion in its historical past with 2,500 delegates attending. Greater than 30 % of the delegates have been new and sponsor and exhibitor income grew virtually 20 % and delegate income grew 12 %.
The worldwide hospitality trade is a $4.8 trillion market and is anticipated to develop by over 10 % yearly to achieve $6.8 trillion by 2026. Operators throughout these companies share comparable wants round info, merchandise and options, which affords Questex and The Intermedia Group a possibility to scale for progress whereas serving every of the sub-markets together with bars and eating places, spas, salons and lodge administration with sector-specific analysis, insights and connections to drive its companies ahead.
The Intermedia Group is considered one of Australia’s largest B2B media firms. Its portfolio consists of print, web sites and dwell occasions, corresponding to AHICE Asia Pacific, AHICE Aotearoa, AHICE Aloha and AHICE South-East Asia, which serve the wants of the lodge trade throughout Asia Pacific and notably in Australia, New Zealand, Singapore and Hawaii.
Our technique is to concentrate on our core sectors and lengthen management positions by way of natural progress and the acquisition of latest capabilities and property. It’s thrilling that we proceed to construct on this tailwind market. Now with hospitality funding and administration occasions in Europe and america, partnering with The Intermedia Group to launch two occasions in Asia is the proper collaboration to increase globally and proceed our management place within the funding and hospitality trade. Questex CEO Paul Miller
We stay up for collaborating with Questex on the launch of those two occasions. For over 25 years, Intermedia has been a frontrunner within the hospitality publishing and occasions sector in Asia Pacific and thru our experience in top-level content material and occasion administration, collectively we are able to guarantee the brand new occasions are premier hospitality occasions for lodge traders, homeowners, builders, operators and related companies corresponding to bars, eating places, journey, gyms, salons and spas in Asia. Simon Grover, managing director, The Intermedia Group
Questex has made important investments in hospitality post-pandemic and our most up-to-date launch of IHIF Asia and partnership with the Intermedia Group is extra proof of our conviction – that journey and hospitality is a thriving sector rising globally, skilled regionally, with sturdy market fundamentals and generational traits supporting continued progress. We’ve got first-party relationships with the world’s main hospitality traders and that capital is, like vacationers, searching for world alternatives. We’re delighted to be bringing IHIF again to Asia and stay up for participating with the traders, operators and advisors in of essentially the most thrilling, inspiring and opportunistic markets on this planet for journey and hospitality progress. Alexi Khajavi, group president hospitality, wellness and journey at Questex
IHIF Asia is launching with the help of the hospitality sector, amongst them Hilton, a diamond sponsor of IHIF Asia and IHIF Berlin. “Hilton has had a protracted partnership with Questex at IHIF in Europe and NYU. We’re now delighted to companion with them to debut IHIF in Asia Pacific, a area the place Hilton is having fun with unprecedented progress with over 1,500 motels buying and selling and in improvement. Hilton CEO Chris Nassetta.
About Questex
Questex Hospitality Group, a division of Questex LLC, represents a senior viewers of $650 billion in lodge property, reaching one in two lodge homeowners and operators throughout the globe. With a portfolio of each media and dwell occasions, together with Hospitality Investor, Annual Lodge Convention (AHC), Worldwide Hospitality Funding Discussion board (IHIF), and Resort & Residential Hospitality Discussion board (R&R), Questex Hospitality Group brings collectively leaders in hospitality funding, improvement and operations to make the offers that form restoration and progress within the sector.