Featured in this Asia Pacific Hospitality Newsletter - Week Ending 3 August 2007
China Travel International Investment Limited In Partnership To Invest US$39.7 Million In Resort Project
Hyundai Group To Spend US$3 Billion For New Tourism Project In North Korea
Tourists Travel To Bali Despite Travel Warnings
MICE Segment Pulled In Record US$2.6 Billion For Singapore In 2006
Royal International Becomes First Casino Listed On Ho Chi Minh City Exchange
Radisson Hotel Kolkata To Open In 2010
Absolute Share Price Performance, As At 3 August 2007


China Travel International Investment Limited In Partnership To Invest US$39.7 Million In Resort Project Return to Headlines
Hong Kong listed, China Travel International Investment (Hong Kong) Limited's wholly-owned subsidiary, Chadwick Developments Limited, has announced its joint venture plans with Northwest China Grid Company Limited and Shaanxi Qinlong Electric Power Company to develop a US$39.7 million hot spring resort project in Xianyang, Shaanxi province, China. The joint venture group will provide approximately US$13.2 million to acquire Xiangyang Guanzhong Hotspring Company Limited and an additional US$26.5 million to develop the hot spring resort which will include a hotel, food and beverage outlets and health centres.

Hyundai Group To Spend US$3 Billion For New Tourism Project In North Korea Return to Headlines
South Korea's Hyundai Group (Hyundai) has announced its proposal to invest US$3 billion to develop a new tourist destination at North Korea's eastern coast from Wonsan port city to Haegeumgang near Mount Geumgang by 2025. Currently pending approval from the North Korean authorities, this project may be Hyundai's third largest economic project in the North, following the development of a resort at Mount Geumgang in 1998 and an industrial development in Kaesong near the inter-Korean border. North Korea's eastern coast is enjoying increasing tourist visitation with Mount Geumgang attracting more than 1.5 million visitors since 1998 and a projected 400,000 visitors are expected in 2007.

Tourists Travel To Bali Despite Travel Warnings Return to Headlines
Bali Island in Indonesia has seen a significant increase in tourist arrivals despite recent travel warnings about possible Islamic militant attacks in the wake of the previous terrorist bombings in 2002 and 2005. Travel advisory upgrades issued by the Australian Department of Foreign Affairs and Trade has not discouraged Australians, who made up more than 15% of Bali's total international arrivals, to travel to Bali. As general security heightens while the tourism industry launched several marketing campaigns, Bali witnessed a 34% increase in foreign tourist arrivals during the first five months of 2007 as compared to the same period in 2006. Hotel occupancy was recorded between 70% and 90% in July 2007 as compared to the occupancy rate ranging between 50% and 70% in July 2006. It is hoped that the hosting of the Kyoto Protocol meeting in December 2007 would further boost the island's tourism industry.

MICE Segment Pulled In Record US$2.6 Billion For Singapore In 2006 Return to Headlines
The MICE segment has reaped a record a high of US$2.6 billion in revenue for Singapore in 2006, according to the Singapore Tourism Board (STB). This is an increase from the US$2 billion received for the whole of 2005. The sector has also helped increase Singapore’s tourist arrivals by a significant amount, in particular, the International Monetary Fund and World Bank meetings in 2006 attracted approximately three million arrivals. Currently, one in three visitors into Singapore are MICE visitors and account for 35% of all tourism receipts, cementing Singapore as Asia's top convention city for the eighth time by the International Congress and Convention Association. With many events in the pipeline, STB is working closely with the private sector to grow its MICE receipts to at least US$7 billion in 2015 and further elevate Singapore's profile as a premier destination for hosting business events in Asia.

Royal International Becomes First Casino Listed On Ho Chi Minh City Exchange Return to Headlines
Taiwan-invested Royal International Company (RIC) became the first casino business to be listed on the Ho Chi Minh City Stock Exchange with a reference price of US$10.59 for the first day of trade. The listed company has an equity capital of approximately US$22 million held by Taiwanese founder, Juan Cheng I (61%), Ha Long Tourism Co. (14%) and the remaining 8.6 million shares (25%) to be traded on the exchange. RIC is in the business of tourism, service, entertainment, casinos, restaurants and hotels and resorts.

Radisson Hotel Kolkata To Open In 2010 Return to Headlines
Carlson Hotels Worldwide has announced its plans to develop the Radisson Hotel Kolkota, located near Diamond Harbour in the southern suburbs of Kolkata, India. Scheduled to be open in 2010, the 250-room Radisson Hotel Kolkata is situated on seven acres of land and would be positioned as a upscale hotel offering spacious guestrooms, various food and beverage outlets, a signature bar, health club, business centre, meeting and convention facilities, swimming pool and other facilities.

Absolute Share Price Performance, as at 3 August 2007
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