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Best Western Introduces Two New Hotel Brands V?b and BW Premier Collection to Asia |
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........BANGKOK
(March 18, 2015) Best Western International recently launched two new
global hotel products, V?b (as in vibrant) an urban boutique hotel concept
and the BW Premier Collection, a soft brand targeting upscale and luxury
independent hotels. After unveiling the new offerings at the International
Hotel Investment Forum (IHIF) in Berlin, the company today hosted an
event in Bangkok for international developers and investors to see and
learn about the brand's global development strategy for these two new
hotel products.
........The V?b concept re-imagines the Best Western hotel experience for today's traveler who is seeking: innovation, technology and style with an authentic, local flavor offered at a great value. Style and Value is the vision of V?b and something that Best Western can deliver like no other global hotel chain. ........"We believe that the stylish design of V?b combined with the concepts business model and low cost to build will be very appealing to developers and investors throughout Asia. In fact we are delighted to announce that we have signed a deal for the first V?b to be developed in South Korea," said Best Western International President & CEO David Kong. ........The first V?b signed to be developed is a 148room new construction project in Seoul, South Korea. "The V?b project we are developing is in the heart of the central business district of Gangnam, Seoul and is expected to break ground in the next six months. We believe the central business districts high density and energy is the perfect fit for V?b," said Best Western South Korea President John Choi. |
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| ........Best
Western is also launching BW Premier Collection, its new soft brand. "The
BW Premier Collection offers a compelling proposition to independent hoteliers
who want to lessen their reliance on online travel agencies without a
long-term commitment. We think the unique pay-for performance fee structure
of the BW Premier Collection will be very attractive to independent hoteliers,"
noted Kong. In addition to developing the V?b and BW Premier Collection
brands, the company is focused on continuing to enhance the quality of
its hotels globally and maintaining a strong development pipeline for
the BEST WESTERN?, BEST WESTERN PLUS? and BEST WESTERN PREMIER? brands.
Currently Best Western's international pipeline has 290 projects in development.
Highlights include: ........" The pipeline in the Asia-Pacific region is comprised of 90 percent new construction projects with 35 percent either BEST WESTERN PLUS or BEST WESTERN PREMIER projects. ........" There are nearly 50 projects in India, China, and Indonesia; virtually all are new construction. ........" Countries forming the ASEAN Economic Community (AEC) have a combined 37 projects representing 6110 rooms in the pipeline. ........" V?b development opportunities are currently being considered in Bangkok, Thailand, Sarawak and Shah Alam, Malaysia and Ortigas, Philippines. ........" Best Western continues to expand in emerging travel markets, with recent openings in Sri Lanka, Bhutan and Mandalay. Best Western's portfolio of six hotel products offers development opportunities spanning the midscale to upper upscale segments: |
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| ........BEST
WESTERN PREMIER: The Company's upscale hotel offering earns an average
daily rate (ADR) of $134*. Since 2011 the portfolio of BEST WESTERN PREMIER
branded hotels has grown to almost 150 worldwide. ........BW Premier Collection: Best Western's new soft brand consists of independent upscale and luxury hotels in destination and major markets. The unique pay-for-performance fee structures means hoteliers only pay fees for business earned through Best Western channels. ........BEST WESTERN PLUS: Since introducing the upper midscale PLUS descriptor in 2011, the global footprint of BEST WESTERN PLUS hotels has grown to more than 1,000. With an ADR of $105* BEST WESTERN PLUS provides an excellent return on investment (ROI). ........BEST WESTERN PLUS EXECUTIVE RESIDENCY: This upper midscale extended stay hotel is designed to generate a superior ROI. In the steadily growing extended stay segment, the average occupancy rate is 75 percent and ADR is up seven percent. ........V?b: Best Western's new chic, hip boutique concept is designed to combine value and style for today's traveler and is unique to the midscale segment. Development strategy, for this boutique concept, is focused on major markets. ........BEST WESTERN: With a global footprint of more than 2,700 hotels and an ADR of $90* BEST WESTERN outperforms the competition in the midscale segment in most countries. For more information on development opportunities in Asia with Best Western please visit bestwesterndevelopers.com. |
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ABOUT
BEST WESTERN INTERNATIONAL, INC.
........Best Western International, Inc., headquartered in Phoenix, Ariz., is a privately held hotel brand with a global network of 4,000+* hotels in more than 100* countries and territories worldwide. Best Western offers six hotel products to suit the needs of developers and guests in every market: BEST WESTERN?, BEST WESTERN PLUS?, BEST WESTERN PREMIER?, BEST WESTERN PLUS EXECUTIVE RESIDENCY, V?b and BW Premier Collection. Now celebrating 69 years of hospitality, Best Western provides its hoteliers with global operational, sales and marketing support, and online and mobile booking capabilities. More than 22 million travelers are members of the brand's award-winning loyalty program Best Western Rewards?, one of the few programs in which members earn points that never expire and can be redeemed at any Best Western hotel worldwide. Best Western continues to set industry records and accolades, including Business Travel News naming BEST WESTERN and BEST WESTERN PLUS as the best mid-price and upper mid-price hotel chains, three consecutive Compuware Best of the Web gold awards for best hotel website and six consecutive AAA/CAA Hotel Partner of the Year awards. Best Western branded hotels worldwide won four times more TripAdvisor Certificate of Excellence awards than industry average. *Numbers pertain to North America and are approximate and may fluctuate. |
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More
information contact
jane kamolnithi best western international asia + 66 2 656 1260 jane.k@bestwestern.co.th |
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