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NEWS| Donald hopes to play Trump card in Indian realty

Donald Trump Jr, whose father built the 72-storey Trump World Tower costing $300 million (Rs 1,200 crore), is mulling an investment in Indian real estate.

“There is a huge opportunity in the tourism business with hotels and resorts in places like Goa and Bangalore in addition to high-end luxury homes in Mumbai and Delhi,” said Trump Jr, who is the executive vice-president, development and acquisitions, Trump Organization, which is in talks with domestic developers to enter into a pact soon.

INTL| Dubai Hotels Take Record Revenues

The total revenues of Dubai hotels and hotel apartments during the first nine months of 2007 has touched AED8.7 billion.

This comes on the back of a 7% increase in guests and 17.6% rise in guest nights compared with the corresponding period last year, the Dubai Department of Tourism and Commerce Marketing has reported on the concluding day of the World Travel Market in London.

Giving details about the stellar performance of the impressive portfolio of hotels and hotel apartments during January and September 2007 compared with the corresponding period last year, DTCM Director General, Mr. Khalid A bin Sulayem said more than 5.1 million guests stayed with Dubai hotels, recording an increase of 7%. Similarly, the number of guest nights crossed the 15 million mark, posting an increase of 17.6%.

The number of operating hotel establishments was 441, an increase of 7.1%. The total revenues of hotel establishments stood at AED8.7 billion, a solid growth of 20.3%.

The number of available hotel rooms increased by 5.4% to 32,244. The average hotel rooms occupied rose by 9.7%, while the average room occupancy was 86.9%, an increase of 4.1%.

The total hotel apartment flats available were 10113, an increase of 16.8%, while the flat occupancy jumped up by 2.4% to touch 83.4%.

Mr. bin Sulayem said, "The excellent performance is a reflection of our marketing and promotional initiatives, especially in the overseas markets, to position Dubai as the world's leading tourism hub. It is also the fruit of an inspirational public-private sector partnership and government's unwavering determination to be a model destination."

Dubai is aiming to attract 15 million visitors by the year 2010, almost doubling the numbers from the present 6.5 million a year.

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INTL| Jumeirah Group eyes 60 hotels

Jumeirah Group plans to have 60 hotels worldwide under its umbrella by the end of 2011, said Gerald Lawless, Executive Chairman of the hotel group.

Speaking at the Abu Dhabi Conference 2007, organized by Meed, Lawless said hotel occupancy rates in Dubai remain very high, with 30% of leisure tourists at Jumeirah Beach Hotel returning more than once a year.

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NEWS| United Breweries' Zinzy wine @ Rs 275

Vijay Mallya-owned UB Group has said it will launch a new brand of wines 'Zinzy' next month, priced at Rs 275 comprising both red and white wines.

"We will launch Zinzy next month, priced at Rs 275," said United Spirits Senior VP and Chief Wine Maker, Abhay Kewadkar.

The Rs 150-crore Indian wine market has been growing at an yearly pace of 25-30 per cent, making India one of the fastest growing wine markets in the Asia-Pacific region. The Group had also acquired Bouvet Ladubay, a 156-year-old French wine company, in 2006. Bouvet-Ladubay wines are priced at Rs 1,500-Rs 3,000 per bottle.

With the technology acquired, the Group hopes to produce sparkling wines from Baramati, where it has acquired land for setting up a winery. "The first harvest is due for January next year and we hope to bring one million bottles in the market," said Kewadkar.

The company will also launch its 'Four Seasons' label in January 2008 in six varieties and will export the brand to the UK, the US and France.

The company expects to drive the expansion of the wine category in the country and expects to capture a market share of 30-35 per cent in the next four years. Diageo India is also entering the Indian wine market with its domestic brand Nilaya, which is priced between Rs 395 and Rs 500 and will be available in Goa.

The company had launched its range of international wines like Blossom Hill Barton and Buestier, and Piat d’Or earlier this year in the country. The Indian wine market sees sales of six million cases a year. Seagram, the Indian arm of Pernod Ricard, has also launched its Nine Hills wine here last year, and is planning to increase production capacity by around 60-70 per cent annually, over the next few years.


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INTL| Carlyle to invest 100 mln usd in China

INTL| Carlyle to invest 100 mln usd in China

The US-based private equity firm Carlyle will invest 100 mln usd in New Century Tourism Group, China's largest private hospitality firm, the China Business News reported, citing New Century's chairman Chen Miaolin.

The Hangzhou-based hotel owner has received 340 mln yuan in first-phase investment from Carlyle, and the remaining funds will be allocated at the beginning of next year, Chen said.

Chen said the company plans to list in Hong Kong in 2008 or 2009 and boost the number of its hotels to about 35 by 2010 from more than 20 now.

New Century has total assets of more than 6 bln yuan, according to the paper

Copyright Thomson Financial News Limited 2007

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JOBS| Two opportunites for Steward Positions

>Team Member (Stewards)- Ruby Tuesday

>Steward - Dubai

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