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Club Med owner Fosun Tourism is boosted by Chinese tourists, reports US$69.5 million first-half profit

Club Med owner Fosun Tourism Group said on Monday net profit attributable to the company’s shareholders amounted to 490 million yuan (US$69.5 million) for the first six months this year, against a net loss of 254.5 million for the same period last year, mainly down to rising profit from tourism operations.The company said gross profit for the first half grew 67.7 per cent to 3.015 billion yuan, while revenue grew 35.9 per cent to 9.1 billion yuan, even as a slowing global economy continued to… Source link

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Singapore 

Satay seller Mickey Mouse and roti prata seller Donald Duck give Singapore tourism spicy lift, Singapore, Lifestyle News

Sellers of roti canai in Malaysia and roti prata in Singapore will flip for joy now that Donald Duck is stepping up to the plate to cook that iconic dish. In a new series of animated shorts released by Disney Channel South-east Asia, the first short shows Goofy deliberating on whether to sample Donald Duck’s creation or Mickey Mouse’s satay. The six-part series, which can be caught on YouTube, is a boost for tourism in both countries as the shorts will feature Mickey Mouse, Minnie Mouse, Donald Duck, Daisy Duck…

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Vietnam 

Fair on trade and tourism under-way in Đà Nẵng – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Minister of Industry and Trade Đỗ Thắng Hải (second from left) visits a booth at the fair. — VNA/VNS Photo  ĐÀ NẴNG — The International East-West Economic Corridor (EWEC) Trade and Tourism Fair is taking place in the central coastal city of Đà Nẵng, featuring 500 booths from more than 360 domestic and international exhibitors. The fair, which opened its doors on Friday, showcases electrical and electronic devices, timber products, furniture, handicrafts, jewelry, tourism products, consumer goods, garments-textiles, footwear, pharmaceutical products and cosmetics. In his opening remarks, Deputy Minister of…

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Vietnam 

A boom in tourism poses challenges to sustainable development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Brian Mtonya (first from left), Senior Economist at World Bank (WB) Việt Nam speaks during the launch of Taking Stock, WB’s bi-annual economic report on Việt Nam, held on Monday in Hà Nội. — VNS Photo Linh Anh   HÀ NỘI — Việt Nam may have experienced a tourism boom but one expert has warned the country needs a clear plan for the future. While Việt Nam has seen a huge increase in visitors in recent years, a senior economist says unless the growth is not properly managed, it could have an…

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Vietnam 

Tourism sector must focus on infrastructure, regulatory changes – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — Provided with beautiful landscapes, long beaches and rich cultural and marine resources, Bình Định Province is expected to transform into a key destination for both domestic and foreign visitors. But like some other areas, the province’s biggest hurdle in becoming more attractive to tourists is its lack of developed infrastructure. “Bình Định’s tourism sector has been developing less than expected because the infrastructure and facilities are still limited and underdeveloped,” said Nguyễn Tiến Đạt, deputy director of tourism company Transviet. The underdevelopment of infrastructure connecting different tourism sites has made it hard for visitors to…

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Vietnam 

Bình Phước inks deal to expand Suối Cam tourism complex – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives from Bình Phước People’s Committee and investors shake hands after signing the deal. Photo VNA BÌNH PHƯỚC On Monday, Bình Phước People’s Committee and a joint venture between Phúc An Khang Co, Licogi 13 Co and Trung Chính Co have inked a deal to develop the second phase of the Suối Cam tourism complex in the province. Covering nearly 160ha in Tân Phú and Tiến Thành districts, the complex will have more than VNĐ1.78 trillion (US$76.4 million) once completed. In his speech at the signing ceremony, the committee’s vice chairman…

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Vietnam 

VN’s first social tourism network launched – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The online travel agent Hahalolo launched its first social travel network on Monday. —  VNA/VNS Photo  HÀ NỘI — Việt Nam’s online travel agent and start-up Hahalolo launched its first social travel site in HCM City on Monday. The site, also an e-commerce platform, enables users to interact online, connecting travel agents, tour operators and retailers with their customers. It operates on the website www.hahalolo.com and mobile app Hahalolo, which is available on iOS and Android operation systems. New technologies will be updated to provide features that meet users’ demands.…

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As tourism in the Asia-Pacific booms, the hotel industry is the real estate sector to watch

Last year, Asia’s hotel sector accounted for just over 5 per cent of commercial real estate deals across the region. Yet the industry’s small share in investment transactions belies the strong performance and growth potential of a market that is one of the biggest beneficiaries of the global increase in spending on travel and tourism. According to a report by property adviser Jones Lang LaSalle in February, the Asia-Pacific hotel market is expected to be “the stand-out region from a growth… Source link

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Vietnam 

Vietjet joins 2019 Taipei Tourism Expo, offering ticket promotion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vietjet’s booth at the Taipei Tourism Expo in Taiwan. — VNS Photo TAIPEI — Vietjet is offering 200,000 promotional tickets at zero dong from now until next Monday to mark its participation in the 2019 Taipei Tourism Expo in Taiwan.  The discounted tickets, available only at www.vietjetair.com, are for all routes between Việt Nam and Taiwan: HCM City/Hà Nội – Kaohsiung/ Taipei/ Taichung and HCM City – Tainan. The travel period is from June 1 to December 31. At the Vietjet booth at this year’s expo, visitors will have the chance to enjoy exciting performances and a special cosplay…

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Property mogul Wang Jianlin’s Wanda Group to invest US$11.7b in world-class tourism project in rust-belt city of Shenyang

Wanda Group, the profligate Chinese conglomerate that is halfway through a massive debt-shedding exercise, has unveiled one of the largest ever investments in the northeastern Chinese city of Shenyang totalling 80 billion yuan (US$11.7 billion).The property-to-entertainment conglomerate controlled by tycoon Wang Jianlin said on Wednesday that the new investment will go towards building a “world-class” cultural tourism project, an international hospital, an international school and five Wanda… Source link

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