Some 43 per cent of voters pick Trump on economy and jobs vs 41 per cent for Harris
Jumeirah, one of the world’s top luxury hotel operators, missed its original target to open the planned 338-room Jumeirah Han Tang Xintiandi Hotel in downtown Shanghai in late 2008.
Jumeirah manages 11 hotels for investors—eight in Dubai, including the sail-shaped Burj al-Arab hotel.
The company has now re-scheduled the launch of its Shanghai hotel to late this year, Aslada Gu from Upstream Asia, which handles media relations for Jumeirah in China, said in an email in response to inquiries from Reuters.
The controlling shareholder of the Jumeirah Han Tang project is Leo Investment, a real estate-focused investment firm run by businessman Leo Koguan, and Hong Kong developer Shui On Group is a minority shareholder with a 15 percent stake in the project, said Brenda Yau, a Shui On spokeswoman.
“Unavoidably, the financial and property markets are currently affected by the worldwide economic meltdown,” Yau said.
But she also said Shui On sees expansion opportunities in tough times through consolidation of resources and efficiencies.
“We strive to delve even deeper into the design and quality of our projects, and get prepared for launch when the market accelerates again,” she said.
Jumeirah does not own a stake in the Shanghai hotel project but is hired by investors, including Leo Koguan and Shui On, to manage the hotel.
The number of overseas travellers visiting China in September fell 5.9 percent from a year earlier, in part due to the global financial crisis, the National Tourism Administration said.
Many multinational companies have been forced to tighten their belts to save costs amid the crisis, hitting the hotel and travel industries hard and causing property markets to decline.
Some 43 per cent of voters pick Trump on economy and jobs vs 41 per cent for Harris
Ryan Routh was arrested on September 15 after Secret Service agents spotted him with a gun near the course where Trump was playing
Later in the day, a second show on January 12 was announced, giving some fans renewed hope
The expansion aims to revolutionise how industry professionals access and share knowledge, offering a digital marketplace where employees can exchange skills and expertise using a tokenised time currency
Former food industry executive says he did it because he wanted to leave a legacy to the city that hosted him
As students return to classrooms, the surge in digital activity introduces significant security challenges
Biden offers continued US support as Dhaka implements reform agenda
The visit is a diplomatic milestone that will solidify the UAE’s role on the global stage as a bridge between East and West, he said