Louvre - Another group to open multiple hotels in Indonesia

The tenth largest hotel group in the world and the second largest of Europe, the Louvre Hotels Group, has publicised expansion plans for Indonesia, announcing up to 30 new hotels within the upcoming three years under the Première Classe and Golden Tulip brands.

The announcement marks a further obligation to the destination following Golden Tulip’s access into the market during late 2012.

Since then it has established the Golden Tulip Galaxy Banjarmasin offering 138 rooms. There are six more hotels totalling an additional 1,286 rooms, planned to open this year:

1. Golden Tulip Devins, Bali - scheduled for a June opening, offering 108 rooms in trendy lifestyle region of Seminyak

2. Golden Tulip Essential - August opening, offering 94 rooms in the Denpasar business district region

3. Golden Tulip Jineng Tamansari, Kuta, Bali - October opening, offering 185 rooms on Sunset Road

4. Golden Tulip Essential - November opening, offering 186 rooms in the Pontianak business region

5. Golden Tulip Kalyana, Buah Batu, Bandung - December opening, offering 302 rooms with easy access to industrial and business regions

6. Royal Tulip Bandung, Baros, Cimahi - December opening, offering 411 rooms with easy access to Jakarta, situated just across the exit of the toll road. This will be the flagship of the Indonesian group, being the largest hotel of the group, as well as the first Bandung hotel quartering the major convention centre of the town alongside a wedding chapel

Indonesia central to ASEAN - High potential for international trade

The three day World Economic Forum (WEF) on East Asia 2014 commenced in Manila yesterday, receiving over 600 leaders, entrepreneurs and thinkers together.

Issues will be discussed, including the optimal way to compose the 10 member Association of South East Asian Nations for the ASEAN Economic Community planned for next year, which is to allow freer flows of capital and lower trade barriers.

Collectively, the ASEAN member states structure one of the largest economies of Asia, with gross domestic product (GDP) at approximately $2trillion and a population of over 600million people.

Indonesia, the largest economy of South East Asia, may benefit from freer trade under the AEC. Its automotive sector rival’s Thailand’s, as it assembles and ships vehicles locally and internationally. Japanese vehicle producers have recently been raising their investments in Indonesia, acknowledging the demand for cars, motorcycles and trucks remains strong. The nation’s youth population, alongside low labour costs makes it an appealing investment location for overseas companies including the Foxconn Technology Group, who produce the iPhones and iPads for Apple.