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Regions Top Travel and Tourism Leader Named at the 2012 CNBC Travel Business Leader Award

Ho Kwon Ping awarded the 2012 TBLA at the Asia Travel Leaders Summit

Singapore, 17 October, 2012 – CNBC, First in Business Worldwide, announced the winner of the 2012 Travel Business Leader Award in Asia Pacific (TBLA) during an award ceremony that was held last night at the Asia Travel Leaders Summit (ATLS) gala dinner.

The 2012 Travel Business Leader of the Year was awarded to Mr. Ho Kwon Ping of Banyan Tree Holdings Ltd for his leadership in a company in the travel industry. With a personal commitment to creating a strong corporate culture, Mr. Ho has helped shape Banyan Tree Holdings into a leading manager and developer of premium resorts, hotels and spas around the world that stands out for its distinctive brand image. After rehabilitating a piece of environmentally damaged property in Thailand into an integrated resort in 1994, Mr. Ho decided to launch the company's global hotel branding aimed at high-end travelers. With his leadership and the clear, innovative strategy he put into place, this became the ever-expanding umbrella under which Mr. Ho's many plans and initiatives have materialized, making Banyan Tree a model of success in the industry.

"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 Satpal Brainch, President and Managing Director, CNBC International. "Congratulations to Ho Kwon Ping and all the nominees for their outstanding achievements throughout the year."

Ho Kwon Ping was awarded the 2012 CNBC TBLA at the ATLS opening gala dinner, which was organized by the Singapore Tourism Board (STB).

Lionel Yeo, Chief Executive of the Singapore Tourism Board said, "We are very pleased to partner CNBC once again for the Travel Business Leader Award (Asia Pacific) in conjunction with the Asia Travel Leaders Summit. As part of TravelRave, Asia's most influential travel trade festival, the Awards play an important role in recognising the outstanding leadership achievements within the travel industry. We applaud all candidates for their contributions and accomplishments and salute Mr. Ho Kwon Ping for his continuing commitment to excellence and leadership in the travel and tourism industry."

Chicago Booth and Millward Brown are the Knowledge and Research Partners for TBLA. They, along with David Scowsill (President & CEO, WTTC) and Tony Tyler (CEO & Director General, IATA), have worked closely with CNBC to ensure a rigorous selection criteria and judging process.

For more information on TBLA, please log on to:

CNBC is the world leader in business news providing fast, actionable, accurate and unbiased business and financial news to 390 million households worldwide. Headquartered in Singapore, the network provides seven hours of live Asia-produced programming, which is complemented with coverage of live market action from Europe and the US. CNBC Asia Pacific's channels, which include CNBC Asia, CNBC-TV18 (India), CNBC Pakistan, Nikkei-CNBC (Japan) and SBS-CNBC (South Korea) are available in more than 21 countries across the Asia Pacific region. CNBC Asia Pacific also has a strategic alliance with Shanghai Media Group, and a collaboration with China Central Television (CCTV). In China, CNBC reaches 400 million homes via a daily Mandarin segment produced by CNBC, which is broadcast on CCTV's Business Channel programme, Global Connection Show. The channels are distributed via satellite, cable and terrestrial broadcast networks, as well as through digital platforms. More information is available at

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.

Created and spearheaded by the Singapore Tourism Board, the third edition of the Asia Travel Leaders Summit will continue 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.

The Asia Travel Leaders Summit is part of the exciting line-up of events for TravelRave, Asia's most influential travel trade festival. Leveraging the continued and robust growth of the leisure and business travel industry in Asia, TravelRave provides a prime platform for business leaders and industry professionals to convene, network, share knowledge and insights and discover new business opportunities that will fuel collaboration and growth for the Asia Pacific tourism industry.