• Formosa International forecasts strong trade in 2010

Formosa International Hotels Corp said in a press report that it expects sales to increase by 20% this year driven by more Chinese tourists.

Taipei and Shanghai will have direct flights from June 14, according the chairman of the hotel chain quoted in the Chinese language Apple Daily. Formosa bought the Regent brand in April.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayVO_bc49Bi8   

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