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NEW HOTELS| Best Western to launch Marina Island Pangkor hotel

Best Western has signed on its third property in Malaysia, the newly built 170 rooms-hotel Marina Island Hotel Pangkor to be opened in 2010.

Situated on one of Malaysia’s premier man-made islands in the state of Perak, it is the chain’s 158th hotel and signals Best Western’s continued growth throughout the Asian region.

The new property joins the Best Western Kinabalu Daya Hotel and Best Western Premier Seri Pacific Hotel Kuala Lumpur, the chain’s first property in Malaysia with 560 rooms.

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FINANCE NEWS| EIH 2Q Net Loss INR96.5 Million Vs Net Profit INR313.1 Million

EIH Ltd. which owns the Trident and Oberoi hotel chain, Wednesday said it posted a net loss of INR96.5 million in the second quarter due to a decline in revenue.

EIH said travel advisories issued by several countries after the Mumbai terrorist attacks in November 2008 and the global economic downturn hurt the travel and tourism business.

Last year, EIH posted a net profit of INR313.1 million.

Net sales for the quarter ended Sept. 30 declined to INR1.56 billion from INR2.34 billion a year earlier.

-By Raghavendra Upadhyaya, Dow Jones Newswires | jobsites| istaffsolution-com

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