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For a major new global tourism management and investment initiative, TourismROI.com
Tweed region in Australia pilot destination in Asia-Pacific
Wednesday, October 15, 2008
Tweed Economic Development Corporation (TEDC) Ltd. announced that the Tweed region in Australia has been selected as the pilot destination in Asia-Pacific for a major new global tourism management and investment initiative, TourismROI.com.

The website www.TourismROI.com is the first centralized source of information for tourism operations, development and investment opportunities worldwide.

"It's something of a coup for the Tweed," said Tom Senti, chief executive officer of TEDC. "The new website is an efficient method of matching a destination's tourism development, investment opportunities and B2B communications with potential investors, developers and operators. The collaboration between TEDC and TourismROI directly supports our mission of ?leadership & direction to job creating investment, growth and attraction for our region".

"Destinations, investors, developers and operators around the world are increasingly realizing the economic benefits and growth potential of Travel & Tourism globally," explained Richard Miller, CEO and managing partner of TourismROI, and long-serving former executive vice president of the World Travel & Tourism Council, the primary private sector global Travel & Tourism organization.

"The challenge lies in bringing together public and private sector entities looking to attract partners for development with investors, business operators and entrepreneurs seeking new business opportunities. Given the quality research and information TEDC has developed and the strong investor and consumer interest in future tourism in the Tweed area, we are pleased to showcase the Tweed destination as our first pilot location in Asia Pacific" Miller added.

The site provides current and real-time information about the tourism industry to enable participants to make current and future operating, business and investment decisions, speeding up the entire investment and business decision-making process. It allows destinations and developers to post investment opportunities; tourism business operators such as hotel companies and brokers to list business opportunities, and entrepreneurs to post their business plan pitch for new projects.

Potential investors can identify, review and monitor the full spectrum of existing Travel & Tourism investment opportunities: resorts, hotels, airports, convention centers, recreation and entertainment, tour and transportation companies, food & beverage outlets, retail and more.

The Tweed worked with Pacific Asia Tourism (PAT) Pty. Ltd., master representative for TourismROI in 33 Asia Pacific nations to become the pilot destination.
Theodore Koumelis - Wednesday, October 15, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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