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Saudis aim for tallest tower in the world

Business | Tourism
2011-8-3

SAUDI Arabia took a key step forward yesterday in its plan to build the world's tallest tower and outdo Gulf neighbor Dubai, which inaugurated its own record-breaking skyscraper less than two years ago. The Saudis...

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'Golden' hotel to expand village

Business | Tourism
2011-7-13

HELICOPTERS flying tourists around a gold decorated hotel is just one of the glittering scenes to expect in Huaxi Village once China's richest village succeeds in its drive to boost its economic growth with tourism. ...

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Hotels get ready for Chinese visitors

Business | Tourism
2011-7-12

WHEN you next step into a hotel in the Americas or Europe, look out for a more Oriental flavor to the breakfast buffet, as the world's largest hotel chains step up efforts to attract Chinese customers. Starwood...

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Chinese travelers shop until they drop

Business | Tourism
2011-6-15

SPENDING by Chinese travelers nearly doubled from last year due to the growing number of affluent shoppers and the yuan's appreciation, Hurun Report said yesterday. Spending rose 91 percent last year, nearly double...

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MGM China shares rise 1.8%

Business | Tourism
2011-6-4

MGM China Holdings Ltd, the Macau venture between Pansy Ho and the biggest casino operator on the Las Vegas Strip, rose on its first day of trading in Hong Kong after raising US$1.5 billion in an initial public offering. ...

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'Monkey Kingdom' park goes to Beijing

Business | Tourism
2011-5-31

PROPERTY developer Zhonghong Real Estate Co plans to spend 10 billion yuan (US$1.5 billion) building a "monkey kingdom" theme park in Beijing based on the 400-year-old Chinese novel "Journey to the West." The developer...

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Top price for MGM China's IPO shares

Business | Tourism
2011-5-28

MGM China Holdings Ltd, the casino venture between MGM Resorts International and Pansy Ho, has priced shares in a Hong Kong initial public offering at HK$15.34 (US$1.97) each, the top end of a range marketed to investors. ...

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Shanghai Motel to be bought by Home Inns

Business | Tourism
2011-5-28

HOME Inns & Hotels Management Inc, China's largest budget hotel operator, announced yesterday that it has agreed to buy the entire stake of Shanghai Motel Management Ltd for US$470 million as the Nasdaq-listed company...

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Home Inns near to buying stake

Business | Tourism
2011-5-27

HOME Inns & Hotels Management Inc, China's second-biggest budget hotel operator, is close to buying Morgan Stanley's 59 percent stake in Shanghai Motel Management Ltd, two people familiar with the matter said yesterday. ...

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Ho eyes US$1.5b in casino IPO

Business | Tourism
2011-5-18

PANSY Ho, a daughter of billionaire Stanley Ho, is seeking as much as HK$11.7 billion (US$1.5 billion) from an initial public offering of casino operator MGM China Holdings Ltd, according to a term sheet for the sale. ...

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Betting on wider mix of casino clients

Business | Tourism
2011-5-16

THE Galaxy Macau, a multibillion-dollar casino resort complex, opened yesterday as Macau aims to draw a broader mix of visitors than the high-rolling Chinese mainland tourists who have helped the city become the world's...

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Hotelier's better net

Business | Tourism
2011-5-13

BUDGET hotel operator 7 Days Inn Group, China's second-largest by chain size, yesterday reported a "better-than-expected" net revenue rise of 39.2 percent year on year in the first quarter of this year as it continued...

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Casino firm eyes US$1.5b IPO in HK

Business | Tourism
2011-5-10

MGM China Holdings Ltd, the casino joint venture between MGM Resorts International and Pansy Ho, may raise as much as US$1.5 billion in its Hong Kong initial public offering, two people with knowledge of the matter...

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HK in top 10 travel

Business | Tourism
2011-5-6

HONG Kong has been voted one of the top 10 travel destinations worldwide and the best in Asia by users of travel website TripAdvisor. Hong Kong Tourism Board Chairman James Tien yesterday said to be selected by...

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Insurance may help exporters

Business | Tourism
2011-4-30

SHANGHAI will continue to encourage exporters and investors to use export credit insurance to counter increasing risks in doing outbound business, the Shanghai Commission of Commerce said yesterday. Unrest in some...