Northstar Travel Group has purchased HotelsWorld, the leading suite of hotel and industry events for senior hotel executives in the Australia & New Zealand region from Hotels World Australia Pty Ltd.
HotelsWorld comprises four consecutive events held over three days in Sydney, Australia each July. It attracts over 500 industry CEOs and other senior executives involved in the operation and ownership of hotels, resorts, serviced apartments and alternative forms of guest accommodation in the region.
John Smith, the founder and owner of Hotels World Australia Pty Ltd, will continue to be involved in the organisation and delivery of HotelsWorld under Northstar’s ownership.
Ashurst, Australia’s leading legal firm, has co-hosted HotelsWorld since its inception and will continue to co-host the event in conjunction with Burba Hotel Network (BHN), the leading global producer of hotel investment conferences, which Northstar acquired in May this year.
Northstar said together with BHN they would be able to leverage their databases, relationships, media properties and domain expertise to help grow HotelsWorld further.
Tom Kemp: Acquisition of HotesWorld a strategic investment
The HotelsWorld event will be operated in conjunction with Northstar’s other hospitality focused events including ALIS; The Americas Lodging Investment Summit, the world’s largest hotel investment conference; Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong, the largest hotel investment conference in Asia and one of the world’s longest continuously running hotel investment conferences; HICAP Update in Singapore; AOCAP, the Alternative Ownership Conference – Asia Pacific in Singapore; HIFI Hotel Investment Forum India in Mumbai; CHRIS, the Caribbean Hotel and Resort Investment Summit in Miami; HOLA, the Hotel Opportunities Latin America conference in Miami; and Hot.E, the Hotel Investment Conference Europe in London.
Commenting on the investment Tom Kemp, chairman and CEO of Northstar Travel Group, said: “We believe that the addition of HotelsWorld to BHN’s portfolio of global hotel investment conferences is an important step in building out the global leadership of BHN within the hotel investment industry. The underlying growth of the Australian and New Zealand hotel, travel and tourism business is a strong driver in making this strategic investment.”
Added Hotels World Australia’s Smith: “I am confident that its (Northstar) involvement will build on the momentum we have created and will take HotelsWorld to the next level.”
Northstar Travel Group also owns Web in Travel (WIT).
