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Australia enhances its sports infrastructure
Tuesday, May 30, 2006
Melbourne, the city known as the sports capital of Australia is to get another new stadium to add to its list of sports infrastructure. Melbourne is already the only city in the world with three retractable roof stadiums. The new 20,000 seat stadium will be built in the Olympic Park precinct and will be used for rugby and soccer and will be a world-class event and administration complex. It will include a sports campus, an elite training centre and accommodation for a number of sporting organisations.

The stadium will be built at a cost of AU$190 million and the Victorian Government will contribute AU$149 million.

Sandra Chipchase, CEO, Melbourne Convention + Visitors Bureau, said that no city in the world can boast world-class sporting infrastructure like Melbourne, so close to the city.

“Our stadiums are not only used for major sporting events, but also provide interesting and unique venues for major business events and incentives. International incentive groups can experience the thrill of walking into the centre of the Melbourne Cricket Ground, where many countries have competed in historic cricket tests. Other groups can experience the excitement of Australian Rules Football, a true ‘Aussie’ experience that began in Melbourne in 1896,” Ms Chipchase said.

Competitors can also host game days, team building events and even awards dinners in a setting that rewards high achievers every weekend. The new stadium is expected to be completed by 2009.
Theodore Koumelis - Tuesday, May 30, 2006
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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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