KUALA LUMPUR: Tune Hotels Sdn Bhd aims to have about 100 hotels under its management, with an estimated total value of RM2 billion, under development or fully operational within the next three years. Tapping into the “visiting friends and relatives” segment, which is one of the fastest growing areas in the hospitality business, Lankester said Tune Hotels planned to own and develop at least 25 sites by March. Out of the 25, five are in Bali, Phuket, Jakarta and Bandung. The hotel in Bali, which is expected to be operational in 2009, will mark Tune Hotels’ first international presence.
(21-1-2008 The Edge)
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