All eyes in the Alternative Ownership industry are on Asia Pacific as more hotel owners and real estate developers look to new revenue streams. Supporting industry growth is the announcement by Absolute World Group of the second Alternative Ownership Conference for Resorts and Hotels – Asia Pacific (AOCAP) from 10-12 October at Millennium Resort Patong, Phuket, Thailand.
The interest in Alternative Ownership (Vacation Ownership, Fractional Ownership and Private Residence Clubs) has been increasing throughout Asia Pacific, especially in Thailand which has a high growth tourism industry. In a recent report on Shared Ownership by leading hospitality consultant in Thailand C9 Hotelworks, it noted that the first half of 2009 saw Vacation Ownership sales volume of THB722 million and fractional property revenue of THB112 million on Phuket.
The report also found that 2007-2009 saw 22,410 Vacation Ownership units and 70 fractional real estate units sold on Phuket. The market in Thailand has grown since with a number of new Vacation Ownership and fractional offerings in Samui, Hua Hin, Pattaya and Phuket, while growth in the region continues apace specifically in Singapore, Malaysia and Bali. More regional developers are exploring Alternative Ownership business models.
“Following the success of the inaugural AOCAP conference in 2009, we are excited to announce AOCAP 2010 will take place 10-12 October in Phuket. Our goal is to introduce more delegates to the benefits of Alternative Ownership,” said Bryan Lunt, Chairman and CEO Absolute World Group, founding sponsor of AOCAP.
The inaugural Alternative Ownership Conference Asia Pacific was held in 2009 on Phuket Island. Leading fractional and vacation ownership operator Absolute World Group of companies, pioneers of fractional real estate in Phuket, are the founding sponsor of AOCAP. The event is also sponsored by Group Impact & Generator Systems Ltd, Brand Tango, Dial An Exchange, ICE Asia Pacific, The Escape, and Media Partners; Perspective International, Property Report South East Asia, Global Edge, FractionalLife.com and Phuket Gazette.
Alternative Ownership worldwide continues to show growth, bucking the trends of “staycation” and declining real estate sales of recent years. According to a recent report on the Australian and New Zealand fractional industry by RCI, the global industry saw rapid growth 2001-2007 even outstripping whole ownership growth, with peak sales in excess of USD 2.3 billion.
Bryan Lunt added, “Alternative Ownership is still relatively new to the Asia Pacific region which has been slow to adopt new revenue models. However, the last couple of years has seen exponential interest and Alternative Ownership models offer new revenue streams for hotel owners, operators and developers.”
The concept of Alternative Ownership is believed to have started in Europe 50 years ago and today is a major part of the tourism industry throughout the continent. A report commissioned by FractionalLife.com and Northcourse Leisure Real Estate Solutions, ‘Trends In Fractional Real Estate Report Europe 2009′, found that the number of fractional resorts in Europe increased from 60 to 90 over 2008 and that additional locations for fractional residences in Europe remain in demand and it is anticipated there will be substantial market growth over the next five years.
In the US, the concept was introduced over 20 years ago and is today a significant revenue generator for the tourism and real estate industries.
Independent and major branded hospitality groups have entered the Vacation Ownership and fractional sales arena without hesitation, attracted by the additional revenue streams and enhanced profitability that Alternative Ownership offers.
A collection of minds, sharing ideas underlines AOCAP Conference 2010. Global industry experts will converge on Patong’s Millennium Resort to share their knowledge about some of the hottest topics in the Alternative Ownership arena. Speakers from all areas of the resorts industry include Perspective International, The Registry Collection, RCI, Interval International, and the Australian Timeshare and Holiday Ownership Council. Speakers will share their insights and analysis of industry trends.
Building on last year’s highly successful event, AOCAP Conference 2010 provides a practical forum using case studies and operators’ knowledge to bridge the gap between conceptualisation and implementation. Workshops are planned in both English and Thai language, allowing more detailed discussion in smaller groups and encouraging more in-depth evaluation of the benefits and implementation of Alternative Ownership revenue models, as well as providing a forum to answer any questions delegates may have. Networking opportunities are scheduled in the evenings giving delegates the chance to share experiences with other like-minded individuals in a more informal atmosphere.
Delegates for AOCAP Conference 2010 can book online now, at www.aocap.org – 8,000THB per delegate, with an Early-Bird offer of 6,400THB for bookings before 24 September 2010.
For more information, visit www.aocap.org