Agency cuts hotel rates

Article Abstract:

Travel Plaza International Co. plans to draw more Japanese to take trips outside the country by cutting the prices of rooms at major hotels in Asia by up to 57% effective Jul. 14, 1998. The action is intended to adapt the hotel rates to the drop in exchange rates of Asian currencies and to compensate for the weak situation of the travel market. Travel Plaza aims to boost travel demand by cutting rates at 178 hotels across the globe, including 90 hotels in Asia such as Hong Kong's Kimberley Hotel and Oriental Hotel in Bangkok, Thailand.

Comment:

Plans to draw more Japanese to take trips outside the country by cutting hotel-room rates in Asia by up to 57% effective 7/14/98

Japan, Travel Agents, Travel Agencies, Travel Plaza International Co.

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Rado serves notice it's watching the benefits of tennis sponsorship

Article Abstract:

Rado Watch Co., a Swiss watchmaker, has signified intentions to pull out its sponsorship of more than 40 tennis events worldwide, such as the Australian Open, the Shanghai Open and Salem Open in Hongkong. The company's move is not surprising in light of dwindling popularity of tennis in the US, which has seen the rise of golf and its superstar Tiger Woods. Massimo Schwalder, director of international marketing for Rado, said the company is reviewing whether tennis is still a strong property worldwide.

Comment:

Signifies intentions to pull out its sponsorship of more than 40 tennis events worldwide, such as the Australian Open

Switzerland, Watches, Watch, Clock, and Part Manufacturing, Rado Watch Co.

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Upwardly mobile: Hong Kong escalator enlivens district: but mechanical staircase fails at original mission of alleviating road congestion

Article Abstract:

The 800-meter-long Central Mid-Levels Escalator in Hong Kong has improved business for the shops surrounding the mechanical stairway. City planners never thought that the escalator, built to reduce traffic, would stimulate business within the surrounding neighborhood. However, the escalator was a disappointment with regards to its goal of coaxing rich executives to leave their cars behind in exchange for an open-air stroll of 0.65 mps. Apparently the car owners still prefer to use their luxury cars.

Product information, Hong Kong, Elevators & Escalators, Elevator and Moving Stairway Manufacturing, Automobiles, Traffic, Escalators

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