| CHIS 2006 'Winning Strategies For Hotel Investment In China' | Return to Headlines |
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Co-hosted by the largest global hospitality consulting firm - HVS International, together with the leading institution for hospitality education in China - Beijing International Studies University, CHIS 2006 promises a whole new experience for hotel investment in China. We will meet the CHIS 2006 'China Hotelier of the Year' as well as the recipient of the 'Hospitality Excellence Award'. More details are available at our summit portal at www.chisummit.com.
For more information, kindly email: [email protected].
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| 2nd Hotel Investment Conference - South Asia (HICSA 2006) | Return to Headlines |
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More details are available at our conference portal at www.hvs.com/HICSA/.
For more information, kindly email: [email protected].
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| Outrigger Heads West to Run its First Indian Ocean Resort | Return to Headlines |
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Outrigger Hotels & Resorts has signed with Freestyle Projects to manage its first Indian Ocean Resort in Western Australia. The US$59 million project in the city and resort destination of Bunbury includes 120 strata-titled apartments and 205 suites within three low-rise, five-storey buildings. "Outrigger Bunbury on the Beach Resort" will feature a spa, two swimming pools and corporate meeting facilities. The city is a two hour drive south of Perth and 50 minutes north of the Margaret River wine region. The Bunbury hotel market is experiencing strong growth of demand in leisure and corporate sectors, benefiting from the buoyant steel and mineral export industry. |
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| Singapore Tourism Board Sets Targets For 2006 | Return to Headlines |
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The Singapore Tourism Board wants to sustain its record arrival levels in 2005 and sets its targets for 2006. The goal to achieve US$7.4 billion tourism receipts and 9.4 million visitor arrivals represent increases of 11% and 6% over 2005. Singapore has decided to increase the number of attractions by approving the development of two integrated resorts with casino facilities. The Board is planning further marketing campaigns aimed at destination branding and at increasing the popularity of the destination for the MICE market. This should help hoteliers to continue improving results. In 2005, room rates at Singapore hotels have increased by roughly 12% (to US$84), while average occupancy is estimated to have reached the 84% mark, growing by 3.4 percentage points over 2004. |
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| Malaysia's Budget Terminal Opening to be Announced | Return to Headlines |
| The Kuala Lumpur International Airport (KLIA) low cost carrier (LCC) terminal is expected to begin operations in March 2006 after the final inspection by transport ministry officials. Designed to handle 10 million passengers per annum, and 4,000 passengers an hour, the US$29 million terminal is equipped with 72 check-in-counters, and it has 30 parking bays to accommodate Boeing 737 and Airbus 320 aircraft. AirAsia will be the main occupier taking up 24 of the 30 parking bays available. | |
| Bali Resort on Lease Promises 8% Returns | Return to Headlines |
| A new development, Nusa Dua Golf Resort promises its investors an annual return of 8% for five years on its exclusive serviced apartments and private residences that once purchased by individual buyers will be leased out by the property's management company. Buyers are also guaranteed 40 per cent of the transaction price if they wish to sell within the first five years. Expected to be completed by the end of 2006, the Nusa Dua Golf Resort managed to sell 60 per cent of the units after marketing in April 2005, with its 176 units' prices ranging from US$170,000 for 153 square metres to US$300,000 for the 270 square-metre-penthouse. The complex will be managed by the Accor group under the Novotel brand. Accor projects a 58 per cent occupancy rate in the first year, rising to 70 per cent by 2011. | |
| Absolute Share Price Performance, as at 10 February 2006 |
