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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (5107)	7/9/1998 2:45:00 AM
From: Michael Sphar	Read Replies (1) \| Respond to of 9980

Some anecdotal info re Japan. I was in Hawaii (Waikiki area) over the 4th and my subjective observation of tourism is that Japan continues to be largely absent, not a big surprise. The Aussies were there in noticeable numbers, and a bit larger American presence if my memory serves compared to several years ago. Did some casual shopping for investor grade transient condo. Talking to a property manager I got numbers that indicated an averaged occupancy ratio of less than 60% on a two star beach-front condo building on Waikiki for the past 6 months in the size of unit I was shopping. The sales price for the unit still seemed high and the sales people gave the impression that things were turning around starting to move, but I wasn't particularly convinced. They claimed that market segment bottomed about a year ago. Oh yeah, and the weather was great!

To: Stitch who wrote (5107)	7/9/1998 8:54:00 AM
From: B Tate	Read Replies (2) \| Respond to of 9980

Stitch How much was the GDP number revised???? OT Sitting here "reaching" for the keyboard.....too many lobstas and steamers.... Note: Locals in New England - So how bad is it really in Asia? Will they be back on their feet by the beginning of the year?? As we have surmised in the past, Americans are not paying attention to the goings on in Asia, at least those not involved on a daily basis with Wall Street. rgds bt