Value builds across Asia; many major hotels swing to positive territory
Article Abstract:
Hotels in 12 Asian cities increased their value by 3 percent in 1999. The report was released by hotel properties consultants HVS International. The highest growth was recorded by Seoul, South Korea.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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Bangkok, Singapore get preference in hotel outlays
Article Abstract:
Singapore and Bangkok are the most worthwhile markets for hotel investment and development according to a survey of hotel owners and investors. In the meantime, office space rentals will likely increase this year due to strong demand while residential property sales will decline due to low demand and high supply.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Kuala Lumpur, Indonesia look like trouble spots for the hotel industry
Article Abstract:
Marriott International CEO J.W. Marriott Jr. has predicted that Indonesia and Malaysia will be the worst Asian markets for the hotel industry up to the year 2002. Marriott's predictions were made amidst the escalating political tensions in Indonesia and the continued depreciation of the rupiah. However, Marriott will still continue with its development of a 350-room JW Marriott Hotel in Jakarta, Indonesia which is already 80% complete. Marriott officials believe that it would take some time before another five-star hotel rises in Indonesia.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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