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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 6 April 2007
Australia's Virgin Blue Expands
Beachcomber Hotels Starts Construction On Second Seychelles Property
Vietnam's Tourism Sector Sees Growing Labour Demand
Ritz-Carlton, Tokyo Opens In March 2007
Indonesian Government Invites Investments From Saudi's Kingdom Holdings
China Hotel Investment Summit 2007 - Network With Industry Leaders
Absolute Share Price Performance, As At 6 April 2007


Australia's Virgin Blue Expands Return to Headlines
Virgin Blue, the Australian low-cost airline, plans to invest over US$816 million to equip and launch a new international airline for Australia from 2008. Virgin Blue has not announced exact plans for the fleet and destinations until later in 2007, but it has already said that it is interested in routes to Asia and the USA. Virgin Blue entered Australia's domestic market in 2001 with just two aircrafts. Today, it serves over 30% of the Australian domestic market, operating 315 flights daily to 22 Australian destinations, New Zealand and the Pacific.

Beachcomber Hotels Starts Construction On Second Seychelles Property Return to Headlines
Beachcomber Hotels has announced that construction will commence on its second resort in the Seychelles in July 2007. The work on the 130 suite beachfront resort on Praslin is due to be completed by December 2008. The new resort hotel will be located on the north coast of Praslin in Cote D'Or, a 20-minute drive from the airport. The 130 bungalows and villas will be spread throughout the hotel's tropical gardens and some of the villas will have their own pools.

Vietnam's Tourism Sector Sees Growing Labour Demand Return to Headlines
Projections from Vietnam's National Administration of Tourism (VNAT) indicate that the country is expecting five to six million foreign visitors and 26 million domestic visitors annually from 2010 onwards. This translates into the need for 1.4 million tourism skilled workers, including about 300,000 direct jobs and 1.1 million indirect jobs for the industry by 2010. VNAT has indicated that more has to be done in terms of tourism related training and education to keep pace with this demand, particularly in language training. The tourism authority plans to set up ten more tourism training centres in addition to the current four to meet the future needs and demand of the industry.

Ritz-Carlton, Tokyo Opens In March 2007 Return to Headlines
Located in the city's commercial and residential complex, the Tokyo Midtown Development in Roppongi, the 248-room Ritz-Carlton features a presidential suite, rooms of at least 52 square metres, an authentic 200 year old Japanese teahouse and a selection of food and beverage outlets. Owned by Mr. Mitsu Fudosan, the hotel sits on the top of Roppongi's tallest skyscraper providing guests with cityscape views and views of Mount Fuji.

Indonesian Government Invites Investments From Saudi's Kingdom Holdings Return to Headlines
The Indonesian government has invited Kingdom Holdings to build property projects in a number of small and remote islands in Indonesia to transform them into resort islands. In a meeting between Saudi's Prince Al Waleed and Indonesian President Susilo Bambang Yudhoyono, the option of developing small islands privately or under a public private partnership was offered. The Prince indicated interest in investing only in the property sector such as hotels or other recreational facilities and potential islands for development include Bintan Island in the Riau Province, near Singapore.

China Hotel Investment Summit 2007 - Network With The Industry Leaders Return to Headlines

Date: 18-20 April 2007
Venue: Grand Hyatt Shanghai

Email: chis@chisummit.com | Website: http://www.chisummit.com | Tel: +65 62934415


Absolute Share Price Performance, as at 6 April 2007
Return to Headlines