The Region Initiative (TRI) has appealed to Chinese government not to use name ‘New Silk Road’ for its new cross border road project running through central Asia and continuing into Europe.
Shangri-La Hotels and Resorts, Asia Pacific’s leading luxury hotel group, announces it will open a new hotel in 2012 in Lhasa, a city set on the Qinghai-Tibetan plateau. The 350-room luxury urban resort, owned and operated by Shangri-La Hotels and Resorts, will rest amongst the tallest peaks in the world: a striking mountain landscape of glaciers, valleys and lakes considered sacred by many.
According to the Boeing’s Vice President - Marketing, Randy Tinseth, “Twenty years from now more than 40 percent of the world’s airline traffic will begin, end or take place within the Asia Pacific region,”
Half year results from the HotelBenchmark Survey by Deloitte show that the hotel market in Asia Pacific is seeing much stronger growth this year than last.
Visitors to Asia Pacific spent more on their Visa cards than ever in 2005, injecting US$23.7 billion into the region’s tourism industry, representing a 17% increase over 2004.