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Fairmont expands Asia footprint with new resort in China
Wednesday, September 10, 2008
Fairmont Hotels & Resorts has announced that it will manage the Fairmont Haitang Bay Resort, Sanya, China scheduled to open in 2011. Sanya, on the southernmost tip of Hainan Island, is fast emerging as a premier tropical resort destination.

Fairmont Haitang Bay Resort expands the company’s growing presence in Asia, joining sister hotels in Singapore, Beijing (2008), Kunshan (2009), Macao (2010), Shanghai’s landmark Peace Hotel (2010) and Fairmont Manila, Philippines (2010).

The resort will enjoy a beachfront location and 702 spacious guestrooms and suites including Fairmont Gold, the brand’s exclusive lifestyle offering featuring warm and personalized service with amenities such as a private reception desk and a comfortable guest lounge. In addition, guests can choose from 50 one- and two-bedroom villa suites, as well as a Presidential Villa offering more than 5,000 square feet space and private butlers.

Guests will enjoy a variety of restaurants and bars, including a Chinese restaurant. A wide range of meeting and function space can accommodate groups of varying sizes, including an 8,600 square foot grand ballroom, a 4,300 square foot junior ballroom and additional indoor as well as outdoor function space for elegant events.

While on site, guests can enjoy a variety of recreational amenities including a Willow Stream Spa with 20 treatment rooms, outdoor and indoor swimming pools and access to a nearby golf course at the beach.

The resort will be developed by Beijing-based Antaeus Group, a leading real estate company that has developed more than 2 million square meters (22 mil sq ft) of real estate in China.

“Fairmont is a name well respected and well regarded in the hospitality industry”, said Zhang Bao Qian, Chairman, Antaeus Group. “It has a great reputation of managing renowned hotels and resorts. As our resort is an important icon in Sanya, we are confident that Fairmont will ensure the Fairmont Haitang Bay Resort will be recognized not only in Sanya, but throughout the world”.

“Sanya is rapidly developing into an exciting new destination for travelers both in the region and from all over the globe,” stated Thomas W. Storey, President, Fairmont Hotels & Resorts. “The opportunity to partner with Antaeus Group on this project is a demonstration of strong partners joining together to provide a luxury hotel product that the market is encouraging and that travelers are demanding.”

Fairmont Haitang Bay Resort joins a number of recent announcements across the globe, including Fairmont Hyderabad, India; Fairmont Zimbali Lodge, South Africa; Fairmont Roco Ki, Dominican Republic; and Fairmont Zanzibar, Tanzania.

Vicky Karantzavelou - Wednesday, September 10, 2008
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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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