Region’s Top Travel and Tourism Leader Named at the 2014 CNBC Travel Business Leader Award

Stephen Ho awarded the 2014 TBLA at the TravelRave Leaders Gala

SINGAPORE, 28 October, 2014 – CNBC, First in Business Worldwide, announced the winner of the 2014 Travel Business Leader Award in Asia Pacific (TBLA) during an award ceremony that was held this evening at the TravelRave Leaders Gala - organized by the Singapore Tourism Board.

The 2014 CNBC Travel Business Leader of the Year was awarded to Mr. Stephen Ho, President of Starwood Asia Pacific for his vision and leadership excellence in the travel & tourism industry. Under his leadership, Starwood's expansion in Asia Pacific has outpaced the industry with new hotel openings over the last three years and growing the number of operating hotels as of December 2013. A strong believer in honesty and having the personal touch, Mr. Hohas successfully led the Starwood group to sign deals for new hotels over a three-year period. And with his innateability to capitalize on key trends, the Starwood Asia Pacific group hassuccessfully grown in both revenue and profit.

"The CNBC Travel Business Leader Award is our way of celebrating and recognizing business leaders who through strong innovation and effective management skills are paving the way forward in this dynamic sector," said KC Sullivan, President and Managing Director, CNBC International. "Congratulations to Stephen Ho and all the nominees for their outstanding achievements throughout the year."

"TravelRave is the region's premier travel & tourism week, gathering eminent leaders of Asia's travel industry to discuss new ideas and initiatives for the region. As part of TravelRave, the CNBC Travel Business Leader Award recognizes industry luminaries who have been outstanding and exemplary," said Mr Lionel Yeo, Chief Executive, Singapore Tourism Board. "Mr. Stephen Ho's achievements will inspire Asia's talent in the travel and hospitality sector to excel."


Past winners of TBLA include: Tan Sri Dr. Tony Fernandes, Group Chief Executive Officer, AirAsia Bhd(2011), Ho Kwon Ping, Executive Chairman, Banyan Tree Holdings (2012), and Emirsyah Satar, President and CEO, PT Garuda Indonesia (Persero) Tbk (2013).

The University of Chicago Booth School of Business and Millward Brown are the Knowledge and Research Partners for TBLA. They, along with David Scowsill (President & CEO, WTTC) and Emirsyah Satar (President and CEO, PT Garuda Indonesia, (Persero) Tbk), have worked closely with CNBC to ensure a rigorous selection criteria and judging process.

For more information on TBLA, please log on to: tbla.cnbc.com

ABOUT CNBC

CNBC is the leading global broadcaster of live business and financial news and information, reporting directly from the major financial markets around the globe with three regional networks including CNBC in Asia, CNBC in EMEA and CNBC in the US. CNBC.com is the preeminent financial news source on the web, featuring an unprecedented amount of video, real-time market analysis, web-exclusive live video and analytical financial tools. CNBC is dedicated to CEOs, senior corporate executives; the financial services industry and private investors. The channel is available in more than 371 million homes worldwide. CNBC is a division of NBCUniversal. www.cnbc.com

ABOUT TBLA

The CNBC Travel Business Leader Award Asia Pacific recognizes the business leader who has demonstrated leadership excellence in the travel and tourism industry – driving growth,success and profitability. Qualities including innovation, management skills and the leader's ability to formulate strategies and capitalize on key trends are the main judging criteria.Candidates for this award are distinguished business leaders in the travel and tourism industry, including Airlines, Hospitality(hotel and resorts), Attractions, Tour Operators, Travel Agents, and Airports.To ensure transparency and credibility, only listed companies with publicly available data are considered for the award. Candidates must have been in their current role for at least two years in order to qualify for the award.

ABOUT ATLS AND TRAVELRAVE 2014

Created and spearheaded by the Singapore Tourism Board, the fifth edition of the Asia Travel Leaders Summit (ATLS) continues to gather the leading minds and voices of the Asian travel and tourism industry and inspire purposeful dialogue in response to key issues facing the industry.This by-invitation-only Summit is intended to be an intimate dialogue among eminent business leaders who have strong interests in the development of the travel and tourism industry in Asia, and seeks to help lay the foundations for collaborations and initiatives in response to key issues discussed. These include leaders from Panorama Group, Pan Pacific Group, Far East Hospitality, Tripadvisor, Hilton, Air New Zealand, JTB and more.

The Asia Travel Leaders Summit is part of TravelRave, the region's premier travel & tourism week, held from 27-31 October 2014. TravelRave provides a dynamic platform for business leaders and industry professionals to convene, share knowledge and insights, network and discover new business opportunities and celebrate Asian tourism at its best. Last year's showing welcomed more than 10,800 attendees from across the globe, providing synergy across markets, content and networks. With world-class events, top speakers, and valuable networking opportunities, TravelRave 2014 promises to set the stage for collaboration and enable the industry to better harness the vast growth potential presented in the region. For more information, please visit www.travelrave.sg.