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Fairmont to develop new luxury resort
Monday, April 14, 2008

Roco Ki, the luxury residential and resort community being developed in the Punta Cana region of the Dominican Republic, is welcoming the addition of Fairmont Hotels & Resorts. Fairmont Roco Ki, anticipated to open in 2010, will join picturesque beachfront properties, tropical villas and The Faldo Legacy Golf Course.

Upon completion, Fairmont Roco Ki will include a 255-room hotel, Fairmont Residences and Fairmont Heritage Place, a private residence club. 

“We are honored to have Fairmont join the Roco Ki community of distinctive residences,” said Nick Tawil, president and CEO of Roco Ki.  “Fairmont’s extraordinary history as a premier hotelier with locations in culturally rich areas and Roco Ki’s commitment to its local heritage will continue to pave the way for luxury tourism development in the Dominican Republic.”

Chris Cahill, Fairmont's President and COO, stated, “We look forward to working with Roco Ki to develop this community in Punta Cana, an area which promises exceptional experiences for our guests.  Fairmont continues to be committed to global growth, and we are excited to expand our presence in the Caribbean with not only this hotel, but also residential offerings. Like all our properties, Fairmont Roco Ki will afford guests a chance to create lasting memories in distinctive surroundings. With over a century of hospitality excellence to build on, we look forward to creating unforgettable experiences for years to come.”

Future phases of Roco Ki will see the development of a full-service, world-class marina and additional hotel, residential, shopping and recreational areas.

Michael Verikios - Monday, April 14, 2008
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How will the currently developing financial crisis and oil prices rally affect the tourism industry?.

they will have temporary and minimal effect and the situation will stabilize in a year or two

we should be looking at a restructuring in the international tourism movements and trends

it is still too early to access the impact on world tourism, medium or long term

we will see more tourism closer to home, and less international travel

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