Onyx hospitality becoming global, plans to overtake Indonesian hotel in 2016

One of the largest Thai hotel management firms, Onyx Hospitality Group plans to raise its presence amongst global players, with plans to operate 15 hotels domestically and overseas over the upcoming three years - Six Amari, four OZO, three Shama and two in The Mosaic Collection (TMC).

The firm also plans to increase its property portfolio total from 37 to 81 by 2018.

This year, they are prepared to overtake operation of Amari Dhaka in Bangladesh and OZO Pattaya of Thailand. Next year, Amari Residences Jomtien of Pattaya, Amari Dali of China, Amari Johor Bahru of Malaysia, OZO Kandy and OZO Galle of Sri Lanka, OZO Penang of Malaysia, Shama Beijing and Shama Chengdu of China, Pattaya Bay Resort, plus Nova Residence Pattaya will be operated. 

Onyx will continue to overtake more hotels during 2016, namely Amari Pecatu Bali in Indonesia and Amari Huidong and Shama Pazhou Guangzhou, China.

The latest in Indonesia

The benchmark index of Indonesia reached near a four week high yesterday, as foreign inflows raised select large-caps such as Bank Rakyat and Telkom Indonesia. This is before the presidential election on Wednesday.

Investors are anticipating the outcome of the 9^th July election, with a more visible political outlook set to revive interest for assets, brokers and fund managers.

According to Fidelity's FF Indonesia Fund’s portfolio manager, the outcome of the election is not expected to alter or affect the fund's long-term positive view of Indonesia. This is despite the currently levelled race between the two leading candidates, as both Joko Widodo and Prabowo Subianto have very similar agendas.

Jakarta's composite index increased to 1.2%, its highest since 11^th June, building on a 1.3% gain last week, when the first weekly gain in four was marked on the market.

The Indonesian rupiah reached a five-week high yesterday.

Ensign Media announces Asia Villa Awards!

After nine successful years of the Property Awards, Ensign Media has announced the inaugural Asia Villa Awards will be held this year.

Acknowledging the finest luxury villas in the region, the awards will differ from the Property Awards as it celebrates single properties rather than developments, acting as an essential tool in aiding holidaymakers select the ideal property for their vacation.

Ensign Media’s CEO, Terry Blackburn, claimed Asia as being renowned around the globe for its high-quality villas of fine architecture, design and breath taking locations. Asia has an extensive range, with these awards celebrating the best of them to give visitors assurance that they are selecting an award winning villa for their stay in Asia.

The first edition of the Asia Villa Awards this year, will celebrate the best villas of Thailand, with the Indonesia edition following during the first quarter of 2015. Similar to the Property Awards, a rigorous and fair entry process will ensure that only the most deserving properties succeed. An independent panel of judges will select the award winners, with thorough site inspections of all shortlisted properties.

The first Awards will be presented at a cocktail reception in Phuket, this November. No nominations are necessary, with direct entries already open to villa owners and agents now.