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In view of the overall market of the resort industry, large numbers of affluent individuals are turning 50 everyday in the US and Europe. These wealthy individuals have highly disposable incomes and are looking for luxurious ways to pamper themselves, such as vacationing in tropical paradises. Today's tourist is also more eco-conscious than in the past; seeking destinations where local cultures and environments are preserved.
In addition, the golf market is a growing US$25 billion dollar industry. There is an increase in demand for golf from resort destination vacationers. By having a five-star signature golf course, golf residences can yield a premium of up to 30% in value.
Furthermore, the booming recreational marina industry has made the yacht construction industry one of the fastest growing sectors of the global industry with an expected growth rate of 43% from the year 2003 to the year 2015. The 2007 Global Order Book ("GOB") for luxury yachts shows a total of 777 yachts of 80 feet and larger under contract, totaling 94,404 linear feet. This total represents a 15.3% increase in footage from 2006, continuing an upward trend that was reported in the 2004 GOB report.
Hence, we aim to become a worldwide prestigious resort developer, targeting the upscale resort market. Positioned to capture the booming resort, golf, and marina market in the US and Europe; we have partnered with strong resort development expertise to deliver promising returns in the future.
Striving to emulate the successful business model of Beef Island, we are aiming to bring sizeable returns to the shareholders.
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