Close
Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · The Biz Wizard of Oz
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

The Biz Wizard of Oz

John Spence of Karma Royal Group and Pioneer in Bali Time Share Industry Honored for his Business Acumen.


Bali News: The Biz Wizard of Oz
Click Image to Enlarge

(12/19/2010)

A pioneer in Asia's and Bali's Time Share Industry, John Spence of the Karma Royal Group have been named 2010 Ernst & Young Australian Entrepreneur of the Year.

Inspired to become a resort property operator after a visit to Goa, India in 1993, he introduced the then new concept of vacation ownership in India and South East Asia.

Within five years, Spence had opened Royal Resorts in India, Bali and Australia.

In 2002, Spence established Karma Resorts - a concept based on boutique villa resort resorts across Asia.

The company's focus on high-end, boutique villa resorts that are financed through investor purchases of an a entire villa that is rented back to an operating company on a condotel-type model.

The resulting success of this approach has Karma now operating a number of resorts – two of which are in Bali. Karma Jimbaran, the first resort, opened in Bali in 2005. Karma Samui opened with 36 villas in Thailand in early 2006. Karma Kandara opened in March 2008 and is the group's second Bali property. Karma Pelikanos, Greece opened in July 2010.

The total number of Resorts at present is 15 with another 6 under construction in the Philippines, Fiji, Dubai and another in Bali and a joint venture in the Bahamas.

Today, The Karma Royal Group is a $55 million business.

John Spence – 2010 Ernst & Young Entrepreneur of the Year

John Spence was selected as 2010 Ernst & Young Australian Entrepreneur Of The Year in a nation-wide competition among Australia's best and brightest businessmen and businesswomen. "Karma Royal Group has taken on the big, global hotel brands and put a footprint in this very competitive market," said Catherine Brenner, Chair of the Judging panel. Brenner added that she was particularly impressed by the focus and quality of Karma Royal Group's clear strategic direction. "Typical of many successful entrepreneurs, John Spence has seen opportunity where others did not. Most people would have looked at the global up market hotel sector and decided it was a saturated market. John looked at it differently and saw opportunity."

John will represent Australia in the World Entrepreneur of the Year Awards in Monte Carlo in 2011.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Noble Surrender
Bali Governor Extends Public Congratulations to New Indonesian President and Vice President
(7/25/2014)
The Connection Between Trash and Rabies
Animal Health Officials Link Poor Trash Management in Bali to Island’ Rabies Epidemic
(7/25/2014)
Local Teens Drown in Northeast Bali
3 Balinese Boys at Tulamben Die During Jukung Outing
(7/25/2014)
Stop the Press
Dug Smuggler Posing as a Reporter Arrested at Bali’s Ngurah Rai Airport
(7/25/2014)
Loose Connections
Java-Bali High Voltage Submarine Cable Threatened by Shore Side Erosion
(7/24/2014)
Things That Go Bump in the Night
Mild Earthquake Off Southeast Coast of Bali on Thursday, July 24, 2014
(7/24/2014)
A Shocking Tragedy
Four Hospitalized with electrical Burns after Accident at Mantra Restaurant in Kerobokan, North Kuta
(7/24/2014)
A Voice from Ukraine. A Voice from Beyond
I Wayan Sujana: Born Bali - 1989 Died Ukraine -2014
(7/21/2014)
Calling all F&B Professionals
Join a Feast Breaking Gathering of Bali Culinary Professionals on Saturday, July 26, 2014 at Pica Tapas Bar
(7/21/2014)
Bali, Mystical and Darkly Magic
Séance Held to Communicate with one of the Balinese Victims of the Shoot Down of MH17
(7/21/2014)
The Hills are Alive with the Sound of Jazz
Ubud Jazz Festival August 8-9, 2014
(7/20/2014)
Tree of Death
Young Australian Designer Commits Suicide in Dalung, Bali
(7/20/2014)
All [News]!
 
Tourism and Transport Tourism Agents