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HICAP Sustainable Hotel Awards now open for submissions
Thursday, August 14, 2008
Horwath HTL and Burba Hotel Network, co-hosts and organizers of the annual Hotel Investment Conference Asia Pacific (HICAP), announced submissions for the 2008 Sustainable Hotel Awards are now being accepted.

The Sustainable Hotel Awards were launched at HICAP 2007 to recognize hotels (and their developers) in the Asia Pacific region demonstrating exemplary sustainable development best practices. The institution of the Awards is hoped to inspire industry wide commitment to embracing and proliferating sustainable development as standard practice in contribution to the preservation of our global and local environments and cultures.

Submissions will be judged by a specially selected panel of experts comprising:
Instructions for Award entries and the judging criteria can be downloaded here.

The deadline for submissions will be 31 August 2008, while the awards will be presented at the 19th annual HICAP, which is taking place 15-17 October 2008 at the InterContinental Hong Kong.
Vicky Karantzavelou - Thursday, August 14, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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