Outrigger Plans New PacAsia Push

Honolulu-based Outrigger Enterprises Group says it plans to invest the proceeds of its recently concluded sale of hotel-management rights in Australia and New Zealand within--and beyond--those destinations. Outrigger intends to launch a chain of properties in Australia, New Zealand and elsewhere in Asia and the Pacific. "We intend to use the sale as a lever to re-enter the Australian short-stay accommodation market as soon as practical," says Dave Lawrence, senior vice president-operations. He notes that following the sale, Outrigger is able to weigh larger joint-venture partnerships. Lawrence says Outrigger believes the Australia and New Zealand markets both have significant room for growth.

Read more on:

Suggested Articles:

As international travel resumes in the near future, the need for a resumption of passport processing will grow in importance. Read more here.

Updates to the PPP would include more time to use the loan, more flexibility in how it can be spent and the ability to defer payroll taxes. Read more.

Of the one-third of Americans who traveled over Memorial Day Weekend, many were planned last-minute and opted for road trips near their home.