The News Review:

- ALL SEASNS ADDS THREE HTELS IN THAILAND
- Saudis Returning From Thailand Face Grilling
- PE funds not keen on hotel projects here
- Medical News: General Surgery

ALL SEASNS ADDS THREE HTELS IN THAILAND
à¸à¸±à¸à¸¢à¸² ๒ดลีà¸à¸´à¸§à¸ªà¹ – à¸à¸±à¸à¸¢à¸² ๒ดลีà¸à¸´à¸§à¸ªà¹ – Aug 13, 2007
Accor’s flexible mid-market brand All Seasons was launched in Thailand late December 2006 with All Seasons Pattaya. Since then the hotel has enjoyed very strong response from both domestic and overseas customers. It will be joined by three more All Seasons hotels in Bangkok and Phuket that will be rebranded in ctober 2007. These include All Seasons Gold rchid Bangkok All Seasons Sathorn Bangkok and All Seasons Naiharn Phuket.

Saudis Returning From Thailand Face Grilling
Arab News – Aug 13, 2007
Amaal added that her passport says that it is valid for use to all countries unless there is an exception. Excluded countries are not listed. Hers was not the only family which visited Thailand this summer. Amaal said she met other Saudi families at her hotel and at shopping centers. She added that the ban was probably due to the drowning of 32-year-old Saudi in mid-July. “It doesn’t make any sense that they ban everyone from going there. The country is beautiful highly organized and convenient money-wise.

PE funds not keen on hotel projects here
Economic Times – Aug 13, 2007
Instead privateequity (PE) funds are focusing on other developing markets like VietnamMalaysia and Thailand. PE players who were recently planning toinvest in the Delhi-based Asian Hotels (before the split) had changed theirminds. Some developers are having a rethink on their hotel projects preferringto develop commercial office space where upfront cash investment is less andreturns are quicker. PE players were willing to bring in close to $1 billionbut few deals have been cut in the hospitality sector. ?PEfunds expect a 30-35% return in 3-5 years and that?s not possible when thereal estate valuations are high? said Hotel Leelaventures vice-chairman& MD Vivek Nair… Instead privateequity (PE) funds are focusing on other developing markets like VietnamMalaysia and Thailand. PE players who were recently planning toinvest in the Delhi-based Asian Hotels (before the split) had changed theirminds. Some developers are having a rethink on their hotel projects preferringto develop commercial office space where upfront cash investment is less andreturns are quicker. PE players were willing to bring in close to $1 billionbut few deals have been cut in the hospitality sector. ?PEfunds expect a 30-35% return in 3-5 years and that?s not possible when thereal estate valuations are high? said Hotel Leelaventures vice-chairman& MD Vivek Nair. Agrees Akshay Kulkarni Knight Frank?s head ofhospitality: ?Large transactions in the domestic hotel market are gettingfewer as the returns in India are low as compared to other developingmarkets. ? Globally hotel deals are getting delinked fromproperties.

Medical News: General Surgery
MedPage Today – Aug 13, 2007
The scope of so-called medical tourism depends on how it is defined. It could be as mundane as simply crossing the border by car for simple dental work. It could mean elaborate highly planned excursions to Malaysia Thailand Singapore India Argentina Brazil Costa Rica El Salvador Turkey and other destinations… Patrick Marsek the managing director of MedRetreat says about 70% of the patients for whom it has arranged trips are seeking cosmetic surgery-about 50 to 65 a month. Most patients call Florida California Texas and Alaska home he said Malaysia is the most popular destination he said although India is a little less expensive for the procedure itself. But post-procedure hotel costs in India are much more expensive he said. Although MedRetreat checked out the hospitals there are no guarantees of medical satisfaction Marsek noted. Suing for malpractice overseas would in impractical he added. Renal Graft Results And things don’t always go so smoothly for medical tourists. Many return home bearing new kidneys from live donors fresh surgical scars and something they never bargained for — surgical complications systemic fungal infections and compromised grafts that in some cases require nephrectomy leaving the patients back at square one or even dead according to G.

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