Press Release Day 2 -3rd Annual Middle East Cyber Security 2017, Riyadh, Saudi Arabia Date-27/03/2017

The 3rdAnnual Middle East Cyber Security 2017successfully concluded today at the Riyadh Marriott Hotel, Saudi Arabia today.The eventwas organized by Nispana Innovative Platforms in association with DNJ, Saudi Arabia. The theme is “Critical infrastructure informationprotection – key to cyber readiness”

The highlights of the second day were visionary presentations by Mr. Ali Al Omran – DGM, Arab National Bank and also a top in class presentation by Mr. Sultan AbuKoshaim CIO, Saudi Standards & Quality Organization and Mr. Abdul Rashid Samater – Ministry of Justice and Dr. Ayad Aldaijy, Chief Information Officer, Ministry of Environment, Water & Agriculture. There was also a technology presentation on “Securing New Digital Platforms” from Mourad Yesayen, Vice President – Paladin Capital Group. One more important topic of discussion was the recent hack in the middle east regionwhich disabled thousands of computers across multiple government ministries in Saudi Arabia.

The paneldiscussions on “Collaboration between governments & private sector and establishing Public – Private Partnerships (PPPs) to manage threats to critical Information Infrastructures” and “Creating robust International alliances and partnerships to deter shared threats and increase international security” saw extensive participation from all the attending delegates.

Some of the top national and international technology providers showcased like EITC,PHISHME, Reeve Systems, Phoenix International, Paladin capital Group their expertise and displayed their array of products whilst Security Matterz featured as Networking Solution Providers. ISACA featured as Associate Partner while IUE magazine, Security Solutions Watch.Com, Homeland Security Research, Global Security Magazine, Oman Product Finder, Ventures Onsite are the prominent media partners for this event.Oxford Business Group is the research partner for the summit.

The conference was definitely a success as it identified some of the critical elements of Cyber Security in the middle east and discussed a roadmap for countermeasures to combat cybercrime.The conference is conceptualized and developed by Nispana Innovative Platforms Pvt Ltd headquartered in India with offices in Dubai and USA.

©Nispana Innovative Platforms Pvt. Ltd.,

Press Release Day 1 -3rd Annual Middle East Cyber Security 2017, Riyadh, Saudi Arabia Date-26/03/2017

The 3rdAnnual Middle East Cyber Security 2017was successfully launched at the Riyadh Marriott Hotel, Saudi Arabia today.The event is organized by Nispana Innovative Platforms in association with DNJ, Saudi Arabia. The theme is “Critical infrastructure informationprotection – key to cyber readiness”

The event features prominent speakers like Russel Gann, CIO, Ministry of the National Guard; Professor Basel Alomair, Founding Director – National Center for Cyber Security Technologies (C4C), King Abdulaziz City for Science; Abdul Rashid Samater – Ministry of Justice; Ali Fateh – President, ISACA Riyadh; Michael Steed, Founder & Managing Partner, Paladin Capital Group; Gordon Lawson, Senior Vice President – Global Sales, PhishMe; Mr. Abdus Saboor- Cyber Security Leader, EITC just to name a few.
Mr. Narendra Kumar – Managing Director, Nispana Innovative Platforms mentioned that this summit focusses on future expected threats and measures, also aims at global collaboration of public, private and academic sectors to collaborate. The event had a large number of senior IT, Information security, ICT and cyber security officials to discuss, find strategic directions and plans to tackle emerging threats to the regional information security sector.

The highlight of the day was the opening keynote by Russel Gann, CIO, and Ministry of the National Guard which set the tone for the further deliberations in the day. The interactive panel discussion on “Collaboration between governments & private sector and establishing Public – Private Partnerships (PPPs) to manage threats to critical Information Infrastructures” and the various round table discussions hosted by had very good participation from the attending delegates.Some of the prominent attendees included senior officials fromMinistry of Agriculture; Ministry of Health; Ministry of Interior;National Guard Health Affairs; Royal Saudi Air Force; General Authority of Civil Aviation (GACA); King Abdulaziz City for Science and Technology; SAMA; Arab National Bank; Khatib & Alami just to name a few.

EITCfeatured as the Platinum sponsor while PHISHME, Reeve Systems, Phoenix International, Paladin capital Group featured as the round table co-hosts whilst Security Matterz as Networking Solution Providers. ISACA featured as Associate Partner. IUE magazine, Security Solutions Watch.Com, Homeland Security Research, Global Security Magazine, Oman Product Finder, Ventures Onsite are the prominent media partners for this event.Oxford Business Group is the research partner for the summit.

©Nispana Innovative Platforms Pvt. Ltd.,

Critical infrastructure informationprotection – key to cyber readiness

3rd Annual Power and Transmission Summit 2017, Riyadh, Saudi Arabia, Day 1

The 3rdAnnual Power and Transmission Summit 2017was successfully launched at the Riyadh Marriott Hotel, Saudi Arabia today. This conference is endorsed & supported by Royal Commission of Jubail, Kingdom of Saudi Arabia.The summit is organized by Nispana Innovative Platforms in association with SEMARK Group, Saudi Arabia.

The summit featured prominent speakers like Mr. Saeed Abdul Rahim Nagro, Power Distribution Section Head, Petro Rabigh; Dr. Bruce Pahlavanpour, Senior Technical Coordinator, NYNAS; Ayman Youssef, Engineering Specialist, Saudi Aramco;  Nasser Al-Shahrani, Chief Operations Officer, GCC Interconnection Authority.
Mr. Narendra Kumar – Managing Director, Nispana Innovative Platforms mentioned that this summit will be an ideal platform for the Kingdom’s key power sector stakeholders, national and international power sector leaders, investors, contractors and solution providers to discuss generation, transmission and distribution of power across the Kingdom through the use of more efficient, cost effective and smart technologies.

The highlight of today was an interactive panel discussion on “Exploring means to achieve energy efficiency for a sustainable future”. There were also a host of other presentations from industry experts and solution providers. Some of the prominent attendees included senior officials from Saudi Electricity Company, PetroRabigh, King Saud University,Al Ayuni Investment, Saudi Arabia Basic Industries Corporation (SABIC), Khatib & Alami Company, K.A.CARE, Samba Capital, Ma’aden Phosphate Company, Saudi Aramco, Saudi Cement Company, Saudi Electricity Company, Water & Electricity Company,just to name a few.

The AYT Group, Saudi Arabia, featured as the Gold sponsor while NYNAS as Associate sponsor for the summit. There are a host of media Partners like IUE magazine, The Middle East Online, Gulf State News, UAE Business, Eye of Riyadh, Ventures Onsite, Gulf Fire, Crowd Reviews, The Business Year, Trade Briefs, Security Middle East and Fire Middle East. Oxford Business Group is the research partner for the summit.

©Nispana Innovative Platforms Pvt. Ltd.,

Matrix to Display its Innovative Telecom Products and Solutions at Source India 2017, Ghana Exhibition

Matrix, a leading manufacturer of enterprise grade Telecom and Security solutions, is participating in 8th edition of Source India 2017, Ghana. SOURCE INDIA is a unique B2B platform, which is created by the industry to accelerate growth of the Indian electronics hardware manufacturing. This year it will be a three day event concentrating on B-2-B meetings and Conference.

Matrix, with strong history of delivering cutting-edge products and innovative solutions in the IP Telephony market, will showcase its complete range of Business Phone Systems, VoIP/GSM Gateways and Converged Voice/Data products.

During the event, Matrix will also showcase its latest Unified Communication Solution, encompassing SARVAM UCS and VARTA WIN200. SARVAM UCS is a Unified Communication Solution engineered on the four pillars of Collaboration, Communication, Messaging and Mobility to enhance customer convenience and business productivity. With its intuitive interface and built-in real-time features of Video Calling, Email Integration, Presence Sharing and BLF Keys, Matrix SARVAM UCS empowers an organization to easily extend its reach to the employees. It is designed to overcome geographical, communication device, and user-accessibility barriers with a single platform solution.

“Source India Ghana’17 is a great platform to showcase our industry leading Telecom products and solutions. We look forward to meeting system integrators as well as new customers to let them know how our innovative products can help them improve their experience on communication solutions”, said SagarGosalia, Vice President – Marketing and Sales.

Matrix cordially invites you to visit us at Stand No. B10, Accra International Conference Centre, Accra, Ghana from 28th Feb to 2nd March 2017 and have a glimpse at our perfectly tailored Telecom solutions.

Established in 1991, Matrix is a leader in Telecom and Security solutions for modern businesses and enterprises. An innovative, technology driven and customer focused organization, Matrix is committed to keep pace with the revolutions in the telecom and security industries. With more than 40% of its human resources dedicated to the development of new products, Matrix has launched cutting-edge products like IP-PBX, Universal Gateways, VoIP Gateways and Terminals, GSM Gateways, Access Control, Time-Attendance and Video Surveillance solutions. These solutions are feature-rich, reliable and conform to the international standards. Having global footprints in Asia, Europe, North America, South America and Africa through an extensive network of more than 500 channel partners, Matrix ensures that the products serve the needs of its customers faster and longer. Matrix has gained trust and admiration of customers representing the entire spectrum of industries. Matrix has won many international awards for its innovative products

Azure Power Commences Construction of 100 MW NTPC Project in Andhra Pradesh

Business Wire India, December 1, 2016
New Delhi, Delhi, India

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has announced that it has started the construction of its 100-megawatt (MW) solar power plant in Andhra Pradesh. The Company has secured land and financing for this project. The project was auctioned by NTPC, Government of India’s largest power utility, designated under National Solar Mission for a total capacity of 1000 MW of solar power projects at Kurnool Ultra Mega Solar Park. The solar park is being developed by Solar Park Implementation Agency (SPIA), Andhra Pradesh Solar Power Corporation Limited (APSPCL).

The tariff on the project will be INR 5.12/ kWh (US $0.077) and the company will supply power to NTPC for a duration of 25 years. The project is expected to get commissioned by second quarter 2017.

Speaking on this occasion, Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, “We have over 200MW portfolio with proven track record of operating solar power projects in Andhra Pradesh. With the commencement of the construction of this 100 MW project, we are delighted to make contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation. Our sincere gratitude to NTPC and the State of Andhra Pradesh, for all the cooperation and support extended.”

Azure has a portfolio of over 1000 MW with an excellent record in setting up and operating solar power plants, be it utility scale or commercial rooftop projects. The company has a vast experience of delivering solar power projects, from the construction of India’s first private utility scale solar PV power plant in 2009 to the implementation of the first MW scale rooftop under the smart city initiative in 2013 to the largest solar plant (100 MW) under India’s National Solar Mission (NSM) policy in Jodhpur, Rajasthan.

About Azure Power

Azure Power (NYSE: AZRE) is a leader in the Indian Solar Industry. Azure Power developed India’s first utility scale solar project in 2009 and has been at the forefront of developments in the sector as a developer, constructor and operator of utility scale and rooftop solar projects since its inception in 2008. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost solar power solutions to customers throughout India.

For more information, visit: www.azurepower.com

2nd Edition National Sustainable Water & Sanitation Summit 2016 – Day 1

New Delhi | December 1, 2016

Nispana’s 2nd National Summit for Drinking Water and Sanitation kicked off this morning at the Eros Hotel, New Delhi. Under the auspices and support of Swachh Bharat and National Institute of Urban Affairs, the event brought together over 300 attendees from across India.

The event kick started with an opening speech by Mr. Wolfgang Koster, Development Advisor, Embassy of Germany, New Delhi. During his presentation, he spoke in detail about the German – Indian trade relations especially in the Water and Sanitation sector. Following his presentation was Mr. Sandeep Behera, Consultant, National Mission for Clean Gangapresenting the on the water quality in urban and rural settings.

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With technologies playing a vital role in Water & Sanitation sector and understanding the Indian market requirements, VAG from Germany coming in to this event as a Gold Partner was represented on the dais by Mr. Sebastian Bojarski, Sales Manager – VAG. In his 30minutes slot, he delivered an insightful presentation on “Embracing Sustainable technologies to ensure comprehensive water quality”.

Following which, a group of companies from Norway: Salsnes, GEA, Cambi Group & HOSTpresented the latest state-of-the-art technologies which could help eradicate the water and sanitation issues in India.

The event also received support from companies including: Prince Piping Systems, Kamstrup, Lubi, Amiad Water Systems, Organica Biotech and Wallace &Tiernanand WebNMS.

With the day1 featuring interesting presentations, speakers and interactive panel discussions, Day 2 of the National Summit for Drinking Water and Sanitation will promise to deliver more insights and knowledge.

AHTIC Conclusion: Sri Lanka brims with potential but success depends on political leadership

Colombo, Sri Lanka | November 29, 2016

The first Asia Hotel & Tourism Investment Conference (AHTIC) concluded today in an atmosphere of optimism moderated by caution. Over the past two days several of Asia’s leading hotel investors from 19 countries discussed the investment potential of Sri Lanka and other destinations around the Indian Ocean from Mauritius and the Seychelles to Malaysia and Vietnam.

Data from ForwardKeys demonstrated that Sri Lanka deserved congratulations for achieving 12% growth in visitor arrivals by air during the past year, more than double that achieved by the Asia Pacific region as a whole. Further information from STR revealed that at the same time, the country’s hotels had maintained occupancy levels above 66% and succeeded in lifting average daily rates to nearly 16,000 Sri Lankan Rupees, more than US$100 at today’s rate.

Several serious investors, including a delegation from China, expressed enthusiasm for opportunities in Sri Lanka, citing its tremendous variety of attractions, such as ancient temples, wild elephants and unspoilt beaches, all within close range of each other. Other attractive attributes of the country were seen to be the good-natured ‘smiley’ demeanour of the people, the safe feeling one had walking the streets, even at night, a shortage of high-quality properties outside Colombo, the willingness of the government to invest in core infrastructure such as new roads and a British based legal system.

The Sri Lankan government, keen to attract international finance, announced a series of tourism development zones and the President promised that the next three years, 2017-19, would be investment years with special concessions to overseas investors; although the precise details have yet to be clarified.

Gerald Lawless, Chairman of the World Travel & Tourism Council and former Executive Chairman of Jumeirah Hotels, highlighted some of the factors that make a destination successful, including the outbreak of peace in regions previously suffering from conflict, air connectivity, visa waivers and dedicated promotional initiatives aimed at major origin markets, infrastructure investment, an ethos which encourages genuine collaboration between business and government and a compelling vision of the future.  He cited Sheikh Mohammed, the Ruler of Dubai, as a truly visionary head of state who had transformed that destination into the vibrant tourism economy it is today.

Counterbalancing the enthusiasm, Roman Scott, Chairman of the Calamander Group, which invests in Asian frontier markets and owns hotels and coffee shops in Sri Lanka, warned that proposed tax increases, lifting VAT from 11% to 15% and corporation tax to 28% would risk killing the proverbial goose that lays the golden egg. Several other countries bordering the Indian Ocean also offered an attractive proposition for investment. His view, which was shared by several industry leaders, was that Sri Lanka’s performance as a tourism economy would turn on the government’s ability to brand and promote the destination effectively, to prioritise development of infrastructure that facilitates connectivity and to create a fiscal and regulatory regime that guarantees commercial as well as social and environmental sustainability.

Dr Prabarth Ukwatte, Chairman of the Sri Lanka Tourism Club, which was the Founder sponsor of AHTIC, declared the conference a great success and announced publicly that he had confirmed the venue for the equivalent dates in 2017 and that he was looking forward to working with Jonathan Worsley’s Bench Events’ team to deliver a bigger conference next year.

ENDS

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts;  Dusit International and Nippon Paint Lanka Ltd, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka.

About Bench Events

Global event organiser Bench Events has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and South America.

Market leading annual conferences include the Arabian Hotel Investment Conference (AHIC) in Dubai, now in its 13th year, the Africa Hotel Investment Forum (AHIF) the new Asia Hotel and Tourism Investment Conference (AHTIC), The Summit in London and the Latin American Hotel & Tourism Investment Conferences (SAHIC).

Bench Events’ extensive portfolio also includes the Global Restaurant Investment Forum (GRIF) in Dubai and AviaDev, designed to promote the future air connectivity in Africa.

Bench Events’ mission is enabling prosperity by facilitating growth, networking, and thought leadership in the hospitality industry worldwide.

www.benchevents.com

About Sri Lanka Tourism Club

Sri Lanka Tourism Club’s (SLTC) objective is to brand Sri Lanka as an outstanding tourist destination and aim to promote its unique

life style, nature, wonders, attractions, heritage and cultures to develop both domestic and international tourism and enhance Sri Lanka’s share of the market for international meetings, incentives, conventions and exhibitions. Its ultimate objective is to increase the number of foreign tourists to Sri Lanka, extend the average length of their stay and finally to increase the national tourism revenue.

Contacts
For further information and high resolution images, please contact:

David Tarsh, Tarsh Consulting, Email: David@Tarsh.com, Tel: +44 (0) 20 7602 5262, Cell: +44 (0) 7770 816 070.

Sri Lanka’s spectacular visitor growth looks set to stall

Colombo, Sri Lanka | November 29, 2016

Flight booking data shows only modest growth in early 2017

A presentation given by Forward Keys to delegates at the Asian Hotel and Tourism Investment Conference in Sri Lanka today revealed that flight bookings made for travel to Sri Lanka during the coming five months are 1.3% ahead of where they were at the same time last year. The intelligence comes from Forward Keys’ analysis of over 16 million flight booking transactions a day made by travel agents on the world’s major travel distribution systems.

More in-depth analysis shows a choppy pattern. Bookings for December and January are respectively 3.5% and 4.1% ahead but February and March are 9.8% and 21.3% behind. April is 76.9% ahead but this number needs to be viewed with caution because April is 4 months off and booking numbers are consequently relatively low. The likely reason for the substantial variation is that the Easter holiday season falls later in 2017.

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Whilst forward bookings overall appear somewhat lacklustre, within them are a couple of particularly encouraging signs. First, forward bookings for Chinese New Year (Jan 27th – Feb 2nd) are 12% ahead.

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Second, there appears to be a turnaround in enthusiasm of Russians to visit Sri Lanka, as a trend of falling monthly visitor numbers throughout 2016 is being replaced by a surge of interest. Visitor arrivals for the year to date are 26.4% down on the previous year but future bookings for November and the next five months are 13.1% ahead.

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The cautious outlook is in sharp contrast to impressive visitor growth in 2016 when arrivals have grown by 11.8%, which is more than twice the growth of the Asia Pacific region, which grew by 4.9%. Looking at Sri Lanka’s major source markets, India was up 10.3%, the UK up 17.3%, Germany up 13.1%, Saudi Arabia up 8.3% and China up 29.2%. The latter figure is particularly notable when one considers that Chinese visitors to competitor destinations such as Mauritius were down 0.6% and to the Maldives down 17.6%.

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Jameson Wong, Forward Keys, Director of Business Development, APAC, said: “Our data shows that Sri Lanka deserves congratulations on a tremendous year for attracting visitors. In a competitive environment, continued effort will be needed to keep up the impressive rate of growth.”

ENDS

About ForwardKeys

Forward Keys predicts future travel patterns by crunching and analysing 16m booking transactions a day. It is used by travel marketers, retailers, hotels, destination marketing organisations (DMOs), financial institutions, car rental companies, tour operators, online travel agents (OTAs), and other traveller-focussed businesses worldwide to monitor and anticipate traveller arrivals and stay ahead of the trends from a particular origin market at a specific time.  The analysis enables them to anticipate the impact of events, better manage their staffing levels, fine tune supply requirements, adjust and measure the effectiveness of their marketing efforts and predict future market trends. Forward Keys’ data is retrieved daily from all the major global reservation systems worldwide.

About AHTIC

Organiser: Bench Events, Co-organiser and Founder Sponsor: Sri Lanka Tourism Club, Host Partners: Ministry of Tourism Development and Christian Religious Affairs of Sri Lanka; Presidential Secretariat Sri Lanka; BOI Sri Lanka; Sri Lanka Tourism Development Authority and Urban Development Authority Sri Lanka, Strategic Partner: JLL, Platinum Sponsor: JA Resorts & Hotels, Gold Sponsor: C G Hotels & Resorts;  Dusit International and Nippon Paint Lanka Ltd, Official Airline Partner: SriLankan Airlines, Supporters: The Centre of Asia Hotel Forum and Pacific Asia Travel Association, Programme endorsed by: The Hotels Association of Sri Lanka.

For more information or to arrange an interview, please contact: Sophie Luis +44 (0) 7961 145 787, sophie.luis@tarsh.com or David Tarsh +44 (0) 20 7602 5262, david@tarsh.com.

Sri Lanka tourism set to exceed growth compared to last year

Colombo, Sri Lanka | November 28, 2016

Sri Lanka Hotel Performance

According to Sri Lanka’s Tourism Authority, the country has a target of 2.2 million visitors for 2016, which would be a 26% growth compared with 2015. The Tourism Authority’s statistics show that Sri Lanka has welcomed 1.7 million visitors as of October, a 14.6% increase compared with the same time period last year. India, China and the United Kingdom are the top three source markets for Sri Lanka.

Sri Lanka’s government has recently launched several initiatives to attract international arrivals, and there has also been an increase in the number of direct flights to Sri Lanka from various other countries in the Asia Pacific region, as well as discussions on an open skypolicy to further drive air traffic to the country. There is also a new terminal in development at Colombo’s Bandaranike International Airport, which could increase the airport’s passenger capacity.

Through these efforts to help Sri Lanka’s tourism industry grow, the country’s hotel demand has increased 3.5% based on October 2016 year-to-date data. Supply, however, has also increased (+4.2%), with around 900 new rooms added to the market in the first ten months of the year.

Sri Lanka has reported a slight decline in occupancy (-0.7% to 66.3%), while average daily rate (ADR) rose 15.6% to LKR 15,854.99, resulting in double-digit revenue per available room(RevPAR) growth to LKR 10,512.93, a 14.8% increase.

This growth in ADR was helped by the recent opening of new luxury properties, changing the market’s hotel landscape as more of the rooms available are being sold at higher prices.

In the first ten months of the year, Colombo recorded a double-digit RevPAR growth to LKR12,208.13, a 21.9% increase compared with the same period last year. Colombo’s occupancy rose 13.1% to 71.3% while ADR increased 7.8% to LKR 17,133.82.

As both the capital of and a key destination for Sri Lanka, Colombo has substantially benefitted from the increase in international arrivals as well as a rise in demand for corporate travel and MICE business.

Sri Lanka Daily Performance

Between January and October 2016, Sri Lanka’s daily performance data shows a declining compressed room nights distribution.

Occupancy levels hovered mainly in the 70-80% range, with a decline in the number of nights that saw high compression nights (80% plus). This shift in compression is likely due to the additional supply in the market.

Throughout the compression nights of 80% occupancy and higher, Sri Lanka’s average ADR recorded 8.2% increase compared to the non-compressed nights. As a result, Sri Lanka’s average RevPAR gain increased by LKR 4,026.12. While for the compression nights of 70% -80% occupancy, Sri Lanka’s average ADR increased by 9.3% compared to the non-compressed nights.

Sri Lanka Weekday and Weekend Performance

Throughout the first ten months of the year, Sri Lanka hotels recorded a higher absolute RevPAR level on weekdays than on weekends. Tuesdays, Wednesdays and Thursdays were the strongest days of the week, with an average RevPAR of LKR 10,850.43 during those days. Sri Lanka’s weekday RevPAR performance has increased 15.4% to LKR 10,619.15 in 2016, while weekend RevPAR has increased 13.2% to LKR 10,251.10.

Sri Lanka Performance Comparison

Sri Lanka’s 15.6% increase in ADR for the first ten months of the year puts it ahead of many other countries in Southeast Asia in terms of rate growth, including, India, Thailand,Philippines, Malaysia, Vietnam and Indonesia.

With supply growth slowing to 3.2% for October 2016 year-to-date, India’s hotel demand has increased 6.7% compared with last year. This was largely influenced by a 10.5% increase in international arrivals, helped by the country’s e-Tourist VISA programme that launched in August 2015. As the second largest country in the world by population, alongwith recent economic growth and a rising middle class with increasing disposable income, India’s domestic tourism is expanding.

For October 2016 year-to-date, Thailand’s occupancy rose 4.2% to 76.0%, its highest level since 2010. Meanwhile, ADR increased 1.3% to THB 3524.97, leading to a 5.6% increase in RevPAR to THB 2678.75. The country’s hotel market has recorded growth following the political situation in 2013-2014, as the Tourism Authority of Thailand has launched efforts to attract visitors. Also, an increase in the number of direct flights to Thailand from Russia and the Middle East is expected to further boost arrivals.

As of October, hotels in the Philippines have recorded growth across all key performance indicators this year: occupancy (+1.1% to 68.2%), average daily rate (+1.0% to PHP 5,201.88),and revenue per available room (+2.1% to PHP 3548.80). Demand increased 5.4%, while supply grew 4.3%. As of August 2016, the country’s total arrivals increased by 12.6% (4 million visitors)compared with the first eight months of 2015. South Korea, USA and China are the top threesource markets for the Philippines’ tourism.

So far this year, Malaysia’s performance has been driven by occupancy (+3.7% to 63.8%), while ADR has also increased at a slighter pace (+0.8% to MYR 348.74), resulting in a 4.6%increase in RevPAR to MYR 222.39. As the second most visited nation in the ASEAN (following Thailand) according to the UNWTO, Malaysia’s demand rose 7.1% year-to-date, more than double its rate of supply growth (+3.3%).

After welcoming 8.1 million visitors between January and October 2016 (according to the Vietnam Tourism Authority), Vietnam’s international arrivals increased 125.4% compared with the same time period last year. This was largely due to a major influx of Chinese visitors,accounting for roughly 27.6% of all arrivals. An increase in the number of direct flights between Vietnam and China as well as other ASEAN countries has given this market a huge boost in tourism, contributing to a double-digit growth in RevPAR (+11.4%) for October 2016 year-to-date.

Indonesia’s hotel market is facing significant increases in supply. Since the start of the year,54 new properties have opened, accounting for around 8,500 rooms. Most of these new properties are in the Upper Midscale class, while development in the Luxury and Upper Upscale classes has been more modest. This appears to have impacted Indonesia’s ADR,which dropped 6.5% to IDR 1,017,745.69 for the first ten months of the year. Occupancy, however, increased 2.8% to 60.0%.

Sri Lanka Pipeline Performance

According to STR’s Pipeline Report for October 2016, about 4,200 rooms will be added to Sri Lanka’s hotel market over the next two to three years, with most of the projects located in Colombo.

The Luxury and Upper Upscale segments still dominate the nation’s hotel development, with 2,400 rooms currently in the pipeline.

Hotels Entering the Market:

  • Marriott International has the most projects in the pipeline, with four properties in development under the brands of Sheraton, Marriott, and Ritz-Carlton.
  • After the opening of their first property in Hambantota, Shangri-La Hotels and Resorts is now developing its second property in Colombo.
  • Hyatt Hotel Corporation will join the scene with their flagship property, Grand Hyatt Colombo,expected to open in 2018.
  • Mövenpick Hotels and Resorts will soon join the market with the addition of the Mövenpick Hotel Colombo.
  • Currently in the planning phase is Inter Continental Hotel Group’s Crowne Plaza Colombo Beira Lake.

As the upper end of Sri Lanka’s hotel market continues to grow in supply, ADR is also expected to grow over the next two to three years as more of the rooms available in the market will be sold at higher prices.

About STR

STR is the source for premium global data benchmarking, analytics and marketplace insights. We provide data that is confidential, reliable, accurate and actionable, and our comprehensive reports empower our clients to strategise and compete within their markets.

Founded in 1985, STR’s presence has expanded to 15 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. The cornerstone of our business from the start has been the hotel industry.

Today, we receive data from more than 55,000 hotels across 175 countries. In 2014, we expanded our reach to advance performance across other industries, leveraging our experience as the leader in competitive bench marking and analytics for the hospitality sector. Our vision for the future is to be a trusted advisor, partner and innovator for any global industry that relies on data.

Our products:

  • STAR Benchmarking
  • Hotel Survey
  • Trend Reports
  • Profitability Reports
  • Hotel Census Database
  • Corporate Reports
  • Development Tool Kit
  • Market Forecast
  • F&B STAR
  • STAR Add Ons
  • Pipeline Reports
  • Bandwidth Reports
  • Comp Set Suite
  • Destination Reports
  • Hotel Reviews
  • RPM

For more information, contact:

+65 6800 7850

apsales@strglobal.com

strglobal.com

5BARz Debuts Among Top Ten Mobile Startups in India at the YourStory – MobileSparks 2016

Business Wire India | November 24, 2016

Bangalore, Karnataka, India
We are pleased to announce that 5BARz India, the wholly owned subsidiary of 5BARz International, Inc. (OTCQB:BARZ) (www.5BARz.com) (“5BARz” or “the Company”) has been featured among the top ten mobile startups in India at the MobileSparks 2016, out of 1200 entries held in New Delhi, India held recently.

MobileSparks 2016 was the 5th edition of YourStory’s annual event honoring and showcasing the top 10 most innovative and breakthrough companies in the field of mobile and telecommunications. YourStory is one of India’s most recognized startup platforms with over 10 million active business readers and 20 million views a month. YourStory revealed in its article that “5BARz was shortlisted as the technology company working to improve the last mile connectivity experience with mobile devices over cellular networks. It has developed a critical piece of carrier-grade technology that consumers will simply plug into an outlet in their home, office, or any place elsewhere to increase their signal strength.”

5BARz presented its patented network extender ‘Discovery’ and the first look of its top-of-the-line Wi-Fi router ‘ROVR’ for the attendees to experience the best-in-class smart home connectivity experience.

According to Samartha Raghava Nagabhushanam, CEO of 5BARz India Private Limited, “We are thrilled to be picked among the top 10 mobile and telecom startups at MobileSparks 2016. It is an honor to be selected as part of this list and is a recognition for the team’s dedication. This announcement serves as an external validation of our belief that 5BARz is truly a game changer in transforming last mile connectivity experience for smart homes of the future”.

Every year, YourStory’s MobileSparks event zooms in on disruptive and cutting-edge mobile companies to showcase upcoming startups in this fast growing domain in India. Some of the startups showcased earlier at MobileSparks include Haptik (invested in by Times Internet & Kalaari Capital), CultureAlley (invested in by Tiger Global, 500 Startups & KAE Capital), DriveU (invested in by Unitus Seed Fund), MyChildApp (invested in by 500 Startups) and MadStreetDen (invested in by Sequoia Capital).

About 5BARz India

5BARz India Private Limited is one of India’s most promising technology startups that is well equipped to provide seamless connectivity solutions. 5BARz India is a part of 5BARz International Inc., a startup that is delivering solutions for cellular and broadband network operators in providing clear, high quality signal and superior connectivity for their subscribers. 5BARz™ with its 2 state-of-the-art products, 5BARz™ Network Extender for cellular connectivity and the 5BARz™ Wi-Fi Router for broadband connectivity, is striving to solve the problem of last mile connectivity. Due to the plug & play nature and zero installation cost, the 5BARz™ suite of products is emerging as the most attractive proposition in India.

The ultra-portable 5BARz™ Network Extender incorporates a patented technology to create a high engineering based, single-piece, plug and play device that strengthens weak cellular signals by amplifying even the poorest cellular signals from 1 bar to 5 bars, ensuring uninterrupted connectivity at home and work.

The 5BARz™ wifi Router – ROVR through it’s single-piece, plug and play device introduces a break through approach in providing uninterrupted and superior coverage and connectivity across home and work with a smart approach to broadband.

For further information about 5BARz International, Inc., visit www.5BARz.com.

For further information on 5BARz India visit www.5BARzIndia.com.

About 5BARz International Inc.

The 5BARz International Inc. business is focused on the global commercialization of patented product technologies branded under the name 5BARz®. 5BARz® is a cellular and broadband connectivity solutions company for application in the small office, home or for when users are mobile. 5BARz® incorporates patented technology to create highly engineered, single-piece, plug ‘n play units that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices cellular connectivity device and an uninterrupted and smart solution for the broadband coverage solutions. 5BARz® represents a key solution for network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity. 5BARz International Inc.’s shares are publicly traded on the OTCBB under the ticker symbol BARZ.

For further information about 5BARz International, Inc., visit www.5barz.com