Age of Aquarius? TD speaks to AQI about megabucks luxurious hospitality funding

Age of Aquarius? TD speaks to AQI about megabucks luxury hospitality investment

Earlier this week Aquarius International Development (AQI), introduced intensions to sink USD 250 million into the creation of a complete hospitality “eco-system throughout Southeast Asia. I spoke to AQI’s chief operations officer, Nixon Chung,  to search out out extra a couple of five-year plan which spans luxurious accommodations and residences, yacht charters, high-end gourmand retailers in addition to journey reserving and members companies…

Aquarius Residences & Resort: Foyer idea

TD) My first query is all the time applicable however doubly so in the course of the COVID-19 pandemic…why do you imagine now could be the fitting time to speculate 250 million on this mission?

Nixon Chung (NC): COVID has undoubtedly modified individuals’s priorities concerning the residing setting and way of life what they worth most and what’s essential to them after they journey. AQI’s USD 250 million funding of an built-in’ eco-smart, tourism and residences improvement comes at an unprecedented time, as we’re in a position to supply important values to elite travellers and world explorers.

These new ‘megatrends’ embrace concepts similar to:

  • Well being and wellness comes first
  • Nature and clear air
  • Being indful of a sustainable setting
  • Elevated consideration to the area people, ethical values and ethics
  • Resort residing is sort of a multi-functional residence
AQ Privilege Seaside Membership & Residences: Idea 1

TD: Koh Chang is a superb island, however why select a comparatively undeveloped location over a extra mature luxurious market similar to Koh Samui,  over one which has primarily appealed to backpackers and finances travellers?

NC: ‘Undeveloped’, to us, means filled with creativeness, potentialities and alternatives. Instances and markets are altering the residing way of life on each localists and foreigners. Koh Chang is unspoiled, the emerald of South Thailand’s gulf. AQI is proud to develop into a number one developer providing world-class customary and ultra-luxury amenities on the island that are unique and privileged to elite travellers. Furthermore, our mission is creating extra employment alternatives to native individuals,  enhancing their residing setting and revenue. ]

TD: Who’re your goal demographics for the Aquarius Residences & Resort, Koh Chang and AQ Privilege Seaside Membership & Residences, Koh Man Nai?

NC) Our goal demographics are primarily travellers throughout the APAC area dominated by the nations with the very best GDP similar to US,  China, India, Japan, Indonesia, Russia, Germany, Brazil, UK and France.  Fueled by the continental shift of the worldwide financial system (World Financial institution and IMP) to Asia,  we anticipate increasingly Asian and expatriates will relocate their residence and work base to Asia. Thailand is the highest tourism earner in Asia and can develop into even stronger in attracting worldwide vacationers as infrastructure improvement additional improves throughout the nation.

Aquarius Residences & Resort: Idea 2

TD: Are you able to inform me extra about AQI’s “holistic” strategy to hospitality?

NC: AQI’s holistic strategy to hospitality is to align travellers’ private worth after they pursue a luxurious eco-living which is a singular way of life within the coronary heart of nature. We decide to combining peace, tranquillity, and privateness with distinctive way of life companies that embrace: world-class eating places, health and leisure amenities,  luxurious shuttle transportation, and way more.

TD: AQ Ventures appears thrilling too however it’s not hospitality or journey, how does this mission slot in with the Koh Chang properties, and AQ Meals & Beverage?

NC: AQ Ventures which is our non-public yacht service, aside of, our all-in-one digital journey concierge and AQ Meals & Beverage, our multi gourmand and dine shops in Asia symbolize our way of life companies provided to the residence’s homeowners, resort company of our Koh Chang properties and travellers exploring Koh Chang to APAC area.

TD: Aside from Ho Chi Minh Metropolis, the place you plant to open Gourmand & Dine Shops early subsequent 12 months, which different places are you taking a look at for funding?

NC: After AQ Gourmand & Dine Retailer opening in Ho Chi Minh this 12 months, we’re on the lookout for further openings in Bangkok and Shanghai subsequent 12 months.

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