Oriental Daily News (translation)

March 21^st, 2000

Interview with Jon Stonham

Asia-hotels.com has information on more than 1000 hotels in and around Asia on their website and will add/update new and current hotel information weekly. They have recorded a monthly average of 500,000 page views and 100,000 users which includes 30% from Asia, 32% from North America and 28% from Europe.

When customers book their room through the internet, asia-hotels.com will charge 10% commission and this makes up for 95% of the profit for the company, the rest of the earnings comes from advertising.

Asia-hotels.com recorded over US$5 million turnover last year and is expected an increase this year. The company recently became a member of the Hong Kong Association of Travel Agents. In addition, the company has signed an agreement with Pacfusion.com in Singapore that provides reservation services to asia-hotels.com therefore mutually benefiting each other.

In August of last year, asia-hotels.com had invested HK$10 million to improve it's technical system. Currently, the company plans to pull in HK$35 million to further improve it's system.