As the value of the U.S. dollar and Euro rises, more tourists are showing an interest in visiting Korea. About the same time last year, 1 U.S. dollar traded for 925 won, and 1 Euro traded for 1,337 won. However, exchange rates are skyrocketing and the U.S. dollar currently trades for 1272 won and the [...]

Reportlinker.com announces that a new market research report related to the Tourism industry is available in its catalogue.
World Travel and Leisure Market Brief
http://www.reportlinker.com/p097859/World-Travel-and-Leisure-Market-Brief.html
The global outlook series on Travel and Leisure provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a bird’s eye view of the glitzy, effervescent, [...]

Troops stationed overseas will test their skills in one of this year’s hottest new video games from Activision, Call of Duty®: World at War. Pro vs. GI Joe, the USO, and the Cleveland Browns are teaming up with Activision Publishing, Inc. for a series of online matches featuring the newest installment of the blockbuster Call [...]

Expedia announced financial results for its third quarter ended September 30, 2008.
“Yes, it’s a difficult environment, but that’s everyone’s news, and for travel any predictions about its depth or duration would be foolish,” said Barry Diller, Expedia, Inc.’s Chairman and Senior Executive. “What is important for shareholders of Expedia to know is that the [...]

The Toyoko Inn Co., Japan’s largest business hotel chain operator, plans to open a business hotel next year in the city of Daejeon, central South Korea, officials from the Daejeon municipal government said Thursday.
The Toyoko Inn Development Korea Co., the Japanese firm’s South Korean unit, and local firm Solomon Holdings Co. have signed a deal [...]

Berjaya Land Berhad (KLSE:4219) is teaming up with Jeju Free International City Development Center (JDC) to develop a resort-type residential and commercial complex in Jeju in South Korea at a cost of US$2.6 billion.
Berjaya Land’s wholly-owned unit Berjaya Leisure (Cayman) Limited signed the joint venture agreement with JDC on 29 April 2008.
Under the agreement, Berjaya [...]

Asia Pacific’s most outstanding travel and tourism event will be organised with much aplomb in year 2008. Schedule to be held at the Beijing Exhibition Center, China from 19 to 21 June 2008, the 5th presentation of Beijing International Tourism Expo 2008 (BITE 2008) is exceptionally meaningful and significant as it coincides with the much-anticipated [...]

THE Philippines posted a record 13,939 rooms last year, a 9.9-percent increase from the 12,683 recorded in year earlier, Trent M. Frankum, general manager of CB Richard Ellis Philippines, Inc. (CBRE) said.
But Frankum also said these additional hotel rooms are not enough to meet the growing demand for more rooms.
Citing the reports of the Philippine [...]

Boracay Beach Condo Hotel, a flagship development of Boracay Trans Pacific Properties Inc. (developers) and Asiana Villas (land owners), has finally held its ground breaking ceremonies at Barangay Balabag, Boracay Island in Malay, Aklan last February 2, 2007.
In attendance were directors of both Asiana and Boracay Trans Pacific as well as well-wishers, suppliers, architects and [...]

The arrival of a Korean developer and the promotion of rotating towers are surely separate symptoms of a bubble in Dubai real estate. Foreign firms are usually the last to arrive, and outlandish proposals are only taken seriously during the most bullish of times. But supply and demand is the issue of greater concern.
Expert opinion [...]

Manhattan’s condo market is showing signs of reversing its cooling trend, and the capital markets are taking heed. Palisades Financial disclosed yesterday that it has acquired a $93 million B note for the first mortgage of a condominium conversion project in Manhattan’s Chelsea/Flatiron district.
“The market’s going wild,” Palisades principal Billy Procida told CPN this afternoon. [...]

Freddie Mac introduces credit and homeownership guidebooks for the Asian American community in the languages of Chinese, Korean, Vietnamese and English. The CreditSmart® Asian guidebooks are the corporation’s newest educational tool for community-based organizations to use to educate consumers. While the Asian American community is the nation’s second-fastest growing minority population, the homeownership rate [...]